$1.$ Coca$-$Cola and Pepsi are well$-$known U$.$S$.$ multinational companies that derive significant portion of their revenue from overseas markets. It is thus highly likely that these companies are exposed to currency risks. Investigate these two companies$$ exchange risk management policies and practices from their Annual Report $(10-$K$)$ filed with the Securities and Exchange Commission $($SEC$)$ of the United Estates, especially the $$Financial Risk Management$$ section of the report.

Provide a minimum of $3-$page report $($excluding references$)$ where you introduce the international operations$/$markets and compare the strategies employed by Coca$-$Cola and Pepsi to hedge against different risks. Which one is doing a better job in your view? Why?