ICA QUESTIONS 1. You are a sales manager for Et Mangal Co, and export meat from Turkey to other countries. You have just signed a deal to ship meat to a Nusret branch in USA. The deal is denominated in dollars, and you will receive SS00,000 when the meat arrives at Nusret in New York in 90 days. Assume that you can borrow and lend at 3.25% p.a. in U.S. dollars and at 20% p.a. In Turkish Lira. Both interest rate quotes are for a 360 day year. The spot exchange rate is TL 13.531/S, and the 90-day forward exchange rate is $14.381/5. How would you hedge your transaction exchange risk? if there is more than one way, indicate the superior one. (20 p)