Read through section 11-2d, Exhibit 11-3, Comparison of Techniques to Hedge Payables, on page 360 of Chapter 11 in the textbook. Answer the two questions at the end of the case. Your submission must be completed as a Microsoft Word document, in one to two pages. For question 1, students need to provide detailed step-by-step calculations similar to your example in section 11-2d of your textbook to accompany your answers. Your response to question 2 should be no more than 1 to 2 paragraphs. Note: You do not need to provide the calculations for the other questions. Calculations are only required for question 1. Guidelines for Submission: Your submission must be submitted as a one- to two-page Microsoft Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least three sources cited in APA format. Three different hedging techniques are discussed in the final submission.CHECK ATTACHMENT FOR SOFT COPY OF TEXTBOOK