9. How is the fair value of a foreign currency forward contract determined? How is the fair value of an option determined? 10. What is hedge accounting? 11. What conditions must be met to apply hedge accounting to a foreign currency option used to hedge a forecasted foreign currency transaction? 12. What are the differences in accounting for a forward contract used as (a) a cash flow hedge and (b) a fair value hedge of a foreign-currency-denominated asset or liability