Question 4 Not yet answered Marked out of 3.00 P Flag question Differentiate between a secured loan and an unsecured loan. Who bears most of the risk in a fixed- rate loan? Why would Fl managers prefer to charge floating rates, especially for longer-maturity loans? (or) The following are the foreign currency positions of an Fl, expressed in dollars. (3 X 1 = 3marks) Currency Assets Liabilities FX Bought FX Sold Swiss franc (SF) $105,000 $50,000 $12,000 $14.000 Japanese yen ( 78,000 36,000 11,000 77,000 a. What is the fits net exposure in Swiss francs? b. What is the Fi's net exposure in Japanese yen? c. What is the expected loss or gain if the exchange rate appreciates by 3 percent