Question Details

Are Hofstra- short-term investments well diversified 



1. Diversified Investments. Hofstra, Inc., has no European business and has cash invested in six
European countries, each of which uses the euro as its local currency. Are Hofstra- short-term investments well diversified and subject to a low degree of exchange rate risk? Explain.


2. Investing Strategy. Should McNeese Co. consider investing funds in Latin America countries
where it may expand facilities? The interest rates are high and the proceeds from the investment
could be used to help support the investment. When would this strategy backfire?




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