4) Exquisite Jewelers has purchased 14 pounds of gold from Best Mines at US $26,800 per pound payable in one year. The current spot rate is 1.4852 (C$/US$) and the one-year forward is 1.4895. The Financial Controller at Exquisite Jewelers suggests that the spot rate in one year will be 1.3889. Interest rates in Canada are currently 2.6 percent for one year and 2.4 percent in the United States

Required: a) Outline with calculations three alternative actions available to Exquisite Jewelers to handle its foreign exchange exposure. b) Advise the company which alternative they should take, providing the reason for your recommendation

Please help fast!