Need help with question 2

QUESTION 2 (Total of 10 marks) a) (5 marks) When valuing a stock to find its intrinsic value, the most important step is to analyse the accounting statements to understand the company's history. Is this TRUE or FALSE? Explain briefly, summarizing your key points. For full marks, you must clearly state if the statement is true or false. (Bullet points are acceptable.) b) (5 marks) A U.S. investor purchased Toyota Motor Company American Depositary Receipts (Symbol TM trading on NYSE) for US$120 in April 2020. Does this investor have exposure to currency risk? YES or NO? Explain briefly, summarizing your key points. For full marks, you must clearly state Yes or No. (Bullet points are acceptable.)