Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
00
C$ Monetary asset / (liability position 2,143.00
Total 3,825.00
3.1% drop Base case 3.1% up
- 1.21
-0.0022
12 month C$ cash flow forecast 1,682.00
C$ Monetary asset / (liability position 2,143.00
Total 3,825.00
3.1% drop Base case 3.1% up
- 1.04
-0.00189
Exposure in CAD Million 20 Exchange Rate (C
Hedging Strategy
1 Remain Unhedged 303.08
4 Option Hedge
Principal 224.50
Strike price 1.40
Premium rate 1.50% 4.71
449.00
202.60
651.60
712.50
-126.40
586.10
Ending spot exchange
rate
ARS/USD
Strategy 1 Strategy 2 Strategy 3 Strategy 4
224.50
1.00 224.50 343.73 221.73 4.86
1.05 235.73 343.73 221.73 4.86
1.10 246.95 343.73 221.73 4.86
1.15 258.18 343.73 221.73 4.86
1.20 269.40 343.73 221.73 4.86
1.25 280.63 343.73 221.73 4.86
1.30 291.85 343.73 221.73 4.86
1.35 303.08 343.73 221.73 4.86
1.40 314.30 343.73 221.73 4.86
1.45 325.53 343.73 221.73 319.16
1.50 336.75 343.73 221.73 319.16
1.55 347.98 343.73 221.73 319.16
1.60 359.20 343.73 221.73 319.16
1.65 370.43 343.73 221.73 319.16
1.70 381.65 343.73 221.73 319.16
1.75 392.88 343.73 221.73 319.16
1.80 404.10 343.73 221.73 319.16
1.85 415.33 343.73 221.73 319.16
1.90 426.55 343.73 221.73 319.16
1.95 437.78 343.73 221.73 319.16
2.00 449.00 343.73 221.73 319.16
No Chain of Events
For every 1 yen depreciation, Japanese competitor's collective profit grew by more US$400 Million
Average Japanese content 20%-40% and pass-through rate 15%-45% of the cost savings. Cross elasticity to GM
sales : a 5% increase to lower unit sales by around 10%. Japanese automaker derived 56% and 43% of their
revenues from the U.S. market in 1999 and 2000.
Any market share losses to Japanese automakers be shared equally by the Big Three
Average net income to net sales of GM for the past three years 2.6% (Exhibit 1)