Reread the Management Focus feature on Volkswagen in this chapter, then answer the following questions:a$)$ Why do you think management at Volkswagen decided to hedge only $30$ percent of their foreign currency exposure in $2003?$ What would have happened if they had hedged $70$ percent of their exposure? b$)$ Why do you think the value of the U$.$S$.$ dollar declined against that of the Euro in $2003?$c$)$ Apart from hedging through the foreign exchange market, what else can Volkswagen do to reduce its exposure to future declines in the value of the U$.$S$.$ dollar against the euro?