Brilliant Shine Jewelers has purchased 10 pounds of gold from Quality Mines at US $28,000 per pound payable in one year. The current spot exchange rate is 1.5455 (C\$/US\$) and the one year forward rate, quoted by the company's bank, is 1.5475 The Financial Controller at Brilliant Shine Jewelers suggests that the spot rate in one year will be 1.5222 . Interest rates in Canada are currently 2.75 percent for one year and 2.55 percent in the United States Required: a) Outline with calculations three alternative actions available to Brilliant Shine Jewelers to handle its foreign exchange exposure. (10 marks) b) Advise the company which aiternative they should take, providing the reason for your recommendation ( 2 marks)