set in $U.5. How would this affect your ability to implement the hedging strategies described above? Given that Marilyn and Steve are worried that the university administration may not approve the use of hedging toolsF develop a plan that will help prevent MSU from repeating large past losses without using any of the hedging techniques in item 3 above. Hint: Could a risk premium {i.e. an increase in the advertised tuition over and above that computed at the January exchange rate} be fashioned using the histogram shown in Appendix A? what are the pros and cons of your alternative method relative to the more standard methods? Hake a recommendation to the International Studies ffice for hedging its exchange rate risk. In your recommendation, rank each of the four methods from items 3. and 5. above