1. 2. 3. ). STEP: 1 of 3 Suppose that Mullen Co., a U.S.-based MNC, knows that it will need 300,000 British pounds in one year to pay for supplies. Mullen is considering engaging in a forward hedge on this payable. If the one-year forward rate on pounds is $1.15, this hedge will cost Mullen $ in one year. TOTAL SCORE: 0/4 Grade Step 1 (to complete this step and unlock the next step) 1. 2. 3. ). STEP: 1 of 3 Suppose that Mullen Co., a U.S.-based MNC, knows that it will need 300,000 British pounds in one year to pay for supplies. Mullen is considering engaging in a forward hedge on this payable. If the one-year forward rate on pounds is $1.15, this hedge will cost Mullen $ in one year. TOTAL SCORE: 0/4 Grade Step 1 (to complete this step and unlock the next step)