PLEASEE SOLVE CORRECTLY

(1) This question wilt be sent to your instructor for greding Sparkhes Jewelers has purchased 12 pounds of gold from Prechion Mines at US\$25.500 per pound poyable in one yeat The aurrent spot rate is 13952 ic 54 uS\$) and the one year forward is 13965 . The Financhat Contweled at Sparkes Jewelers suggests that the apot rate in one your will be 13552 Interest rafet in Canada me currently 3.85 percent for one yeat and 365 percent in the United States Required. a) Outiline with calculations three alternative actions available to Sparkdes Jewelers to handle its foreign exclapge exposure (100 machst b) Advise the cornpary wilch altematlve they should take, providing the teason for your recommendation (2 marks)