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What is over-hedging? [1-2 sentences] How can firms avoid over-hedging? [2-3 sentences] What is one pro and one con of using a forward contract that

What is over-hedging? [1-2 sentences]

How can firms avoid over-hedging? [2-3 sentences]

What is one pro and one con of using a forward contract that the article discusses? [2 sentences]

What kind of currency risks are hard to measure and why? [2-4 sentences]

Why is it important for companies to have a foreign exchange strategy? [2-3 sentences]

What kind of transaction can give peace of mind and why? [1-2 sentences]

Explain what this means "... let the insurance policy expire worthless"

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