F1315 Term Project At the current time, Sperts Expertr Company is willing to recelve papments in brilsh pounds for the monthly exports in sends te the United Kirgdom. Although all of its receivables are denominated in poundt, it thas ne payables in poundi or in any other forien currency. Jime Logan, cwner of the Sports Exports Comparry, wants to assess his firm's exposure to eachange rate risk. 1. Would you describe the exposure of the Sports Exports Cornpany to exchange rate risk as Transaction exposire? fconomic expesure? Translation exposure? 2. Logan ir considering a change in the Sports Exports Comipary/' pricing policy such that the importer must psy in dollars, so that logan wil not have to worry about tomerting pounds to dollars every month. If implemented, would this policy eliminate the company's transaction expowre? Would it eliminate the company's economic exposure? Exphin 3. If Logan decides to implement the policy, described in the frevious quention, how would the Sports Exports Compsmy be affected (if at ali) by appreciation of the pound? By depreciation of the pound? Would these effects on the company differ if togan retained the oripinal policy of pricing the exports in Beitish pounds? Required: Cempose a typewrittes minimam 4-page paper asing 12-paint foat APA tocluding a cover pare asd bibliography page in which yoa addreas the case questions