may access the weekly lecture presentations here: Click to open: and Click to open: Question 6 Which of the following would NOT constitute a valid argument against firms hedging FX exposure? O FX markets are efficient and investors can properly value firms with FX exposure. O Large swings in foreign exchange rates, while not frequent, can sometimes result in large financial losses for firms and even bankruptcy. O Shareholders are able to diversify their exposure to FX fluctuations by investing in a portfolio of global and foreign firms. O There are costs involved in implementing hedges, and it also uses other firm's resources such as employee work hours. Previous