Question 3 - 10 marks Using the case response format from your assignment in class and Chapter 1 of the text, read the following narrative and provide a response. Whole Grains Corporation is a growing family business that originated in the prairies. Initially, they did all their business locally within Canada. Eventually they started selling their products; oats, barley, wheat, flax, to neighbouring states (North Dakota, South Dakota, Minnesota, etc). These transactions, at first, were not a significant portion of their business. As a result, the fluctuation of the USD vs CDN currency didn't have any largely visible impacts to their bottom line. After several years, the number of sales to the USA have increased, and most recently, orders from Japan are now coming in for Whole Grains Corporation's products. You are a newly hired financial analyst for the company, and you have been asked to review the foreign currency policies and practices of the company. What would you propose to the senior management of Whole Grains Corporation with regards to managing their Foreign Exchange risk? What kinds of products and policies would be appropriate and explain how they would work? Provide examples to help explain your answer. Question 3 - 10 marks Using the case response format from your assignment in class and Chapter 1 of the text, read the following narrative and provide a response. Whole Grains Corporation is a growing family business that originated in the prairies. Initially, they did all their business locally within Canada. Eventually they started selling their products; oats, barley, wheat, flax, to neighbouring states (North Dakota, South Dakota, Minnesota, etc). These transactions, at first, were not a significant portion of their business. As a result, the fluctuation of the USD vs CDN currency didn't have any largely visible impacts to their bottom line. After several years, the number of sales to the USA have increased, and most recently, orders from Japan are now coming in for Whole Grains Corporation's products. You are a newly hired financial analyst for the company, and you have been asked to review the foreign currency policies and practices of the company. What would you propose to the senior management of Whole Grains Corporation with regards to managing their Foreign Exchange risk? What kinds of products and policies would be appropriate and explain how they would work? Provide examples to help explain your
