Golden Grains of Canada has sold 3,000 tonnes of wheat to Schmidt Company in Germany at 100 euros per tonne, payable in one year. The current spot rate is 1.555(C$/euro) and the 1-year forward is 1.489. Analysts in the international financial market suggest that the spot rate in one year will be 1.452. Interest rates in Canada are currently 3.7% for one year and 3.9% in Germany. Required: a) Outline with calculations three alternative actions available to Golden Grains to handle its foreign exchange exposure. (10 marks) b) Advise Golden Grains which alternative they should take, providing the reason for your recommendation (2 marks) Short Answer Toolbar navigation B I U == : : := v KA