Creane Ltd is based in England and has imported goods from USA which have been invoiced for US Dollars 260, as payable in 3 months time. In addition, it has also exported finished goods to Singapore and Australia. The Singapore Customer has been invoiced in US Dollas (USD) 300 payable in four months time. Current spot and forward rates are as follows: Spot 0.88700.8895 3 months forward 0.8560 -0.8570 Sterling pound/USD Spot 17850-1.7961 4 months forward 1.8220-1.8270 Current money market rates (Per annum) are as follows: USD 12%-14% ASD 14%-16% Sterling pound 10%-12% Required Explain howthe company canhead its exposure to foreign exchangerisk using: i. Forward markets (5 marks) ii. Money markets (5 marks) iii. Which of the above two is the best hedging technique