TY - JOUR AB - A small adhesives company faces exchange rate risks as it makes its first foray into international sales. The receipt of payment from an unhedged foreign-currency-denominated past sale illustrates potential currency risks while a potential follow-on order provides a context to discuss potential hedges. Sufficient detailed information is provided for the students to construct and analyze both a forward and money market hedge. A teaching note and instructor and student Excel spreadsheets are available. VL - IS - SN - 2474-7890 DO - 10.1108/case.darden.2016.000033 UR - https://doi.org/10.1108/case.darden.2016.000033 AU - Lipson Marc L. PY - 2017 Y1 - 2017/01/01 TI - Baker Adhesives T2 - Darden Business Publishing Cases PB - University of Virginia Darden School Foundation SP - 1 EP - 6 Y2 - 2024/09/20 ER -