You are an experienced financial advisor for 'Herts plc' and you have been assigned the task to advice new members of staff about the use of derivative instruments. 'Herts plc' is a Hatfield based, manufacturing company. Herts plc is sourcing substantial quantities of copper from the United States to manufacture appliances in Hatfield which is sold predominantly to the German and Japanese markets (revenues in the respective currencies of the markets whereas purchases are paid in the currency of the source country). Your task is to: - Identify the three specific sources of exposure included in the case presented above. - Suggest one derivative instrument you have been taught in this module (7BSP1121) to hedge each identified lexposure (note: you cannot propose the same instrument for more than one exposure). - Provide detailed instruction on how to use the proposed derivative instruments to hedge the identified exposures. - Critically evaluate the relative strengths of each recommended derivative instrument selected to hedge each identified risk exposure