For the first two questions, you focus on long-term debt and stockholders' equity by examining the financial statements of Procter & Gamble Company for the fiscal year ended June 30, 2019. The goal is to contribute to your financial literacy and enable you to engage in just-in-time learning. Should a situation present itself sometime in the future when you need to acquire additional depth of knowledge, you will have an initial familiarity that will enable you to seek out the additional knowledge you require. These are complex topics; to complicate matters further, the nature of some securities is such that it is hard to make the distinction between what is debt and what is equity You can access the financial statements for Procter & Gamble Company for the year ended June 30, 2019, in many ways, including by visiting the company website. To access the 10-K, go to the website for the Securities and Exchange Commission (sec.gov). Then select "Filings" and "Company Filings Search Enter "Procter & Gamble" in the search box that appears. You will arrive on a page detailing all the filings: type "10-K" in the "Filing Type" box at the top of the page, and the filings will be re-sorted so that the 10-K hlings are at the head of the listing, 4. The disclosures indicate that some of the long-term debt is denominated in the euro rather than the U.S. dollar. Explain how the practice of issuing debt in a currency other than your domestic currency (assume the U.S. dollar is the domestic currency for Procter & Gamble) creates an exposure to gains and losses related to exchange fluctuations