Interaction between financing and invoicing policies. Assume that Hurricane plc is a UK company that exports products to the United States, invoiced in pounds. It also exports products to Denmark, invoiced in pounds. It currently has no cash outflows in foreign currencies, and it plans to issue bonds in the near future. Hurricane could issue bonds at par value in: (1) pounds with a coupon rate of 12%, (2) Danish kroner with a coupon rate of 9%, or (3) dollars with a coupon rate of 15%. It expects the kroner and dollar to strengthen over time. How could Hurricane revise its invoicing policy and make its bond denomination decision to achieve low financing costs without excessive exposure to exchange rate fluctuations?