International Corporate Finance Floro Co is a Mongu-based company which has the following expected transactions... Required: a. In less than a page, define what is an exchange rates are, factors that affect them and discuss the differences between transaction risk, translation risk and economic risk and how they can be hedged internally and externally in an organization. (1.5 Marks) b. Explain how inflation, Interest rates can be used to forecast exchange rates. (1.5Marks) c. Calculate the expected Kwacha receipts in one month and in three months using the forward market. (5 Marks) d. Calculate the expected Kwacha receipts in three months using a money-market hedge and recommend whether a forward market hedge or a money market hedge should be used. (9 Marks)