Since a corporation can hedge exchange rate exposure at low cost: (Points : 1) there is no benefit to the shareholders in an efficient market. shareholders would benefit from the risk reduction that hedging offers. the corporation's banker would benefit from the risk reduction that hedging offers. None of the above Translation exposure measures: (Points : 1) the effect that an anticipated change in exchange rates will have on the consolidated financial reports of an MNC. economic exposure. the change in the value of a foreign subsidiaries assets and liabilities denominated in a foreign currency, as a result of exchange rate change fluctuations, when viewed from the perspective of the parent firm. all of the above