The FSA (Statement of Financial Accounting Standards) No. 133: Accounting for Derivatives Instruments and Hedging Activities," as amended, requires US companies to report all derivatives instruments on the balance sheet for designation and effectiveness of hedging relationships. Download form 10-K filled by Proctor and Gamble (P&G) from the company's website or the US Securities and Exchange Commission's website for the past 5 years. (P&G is a multinational that owns some of the world's best known consumer products brands. (a) What are the different kinds of risks to which P&G is exposed? (b) How does P&G manage its risk? Identify and state the use of some derivatives in this regard. (c) Name some techniques that P&G employees for risk management. (d) Does P&G grant employee stock options? If so, briefly discuss this program. What valuation model does the company use for valuing employee stock options? (e) Has anything dramatically changed in their report for the past five years? The FSA (Statement of Financial Accounting Standards) No. 133: Accounting for Derivatives Instruments and Hedging Activities," as amended, requires US companies to report all derivatives instruments on the balance sheet for designation and effectiveness of hedging relationships. Download form 10-K filled by Proctor and Gamble (P&G) from the company's website or the US Securities and Exchange Commission's website for the past 5 years. (P&G is a multinational that owns some of the world's best known consumer products brands. (a) What are the different kinds of risks to which P&G is exposed? (b) How does P&G manage its risk? Identify and state the use of some derivatives in this regard. (c) Name some techniques that P&G employees for risk management. (d) Does P&G grant employee stock options? If so, briefly discuss this program. What valuation model does the company use for valuing employee stock options? (e) Has anything dramatically changed in their report for the past five years