c. As a treasurer of a Japanese company you need to pay $377,287 in 90 days for a service you received from a US firm. You face the following exchange rates and interest rates: spot rate, 106.35/$, 90-day forward rate $106.02/$, 90-day USD interest rate, 3.25% p.a., 90-day JPY interest rate, 1.9375% p.a. Answer the following questions i. Describe the nature and extent of your transaction foreign exchange risk. (2 marks) ii. Explain two ways to hedge the risk and provide certainty in $ payable. (2 marks) ii. Which of the alternatives in part ii above is superior and why