2. (Ch. 11) Forward versus Money Market Hedge on Receivables. Assume the following information: 90-day U.S. interest rate =3.0% 90-day British interest rate =2.4% Ft.90-day( GBPUSD )=1.1640 St(GBPUSD)=1.1600 Where the GBP means the Great British pound. Assume that Charlies Corp. from the United States will receive GBP 1,000,000 in 90 days. Would it be better off using a forward hedge or a money market hedge? (3 points) Substantiate your answer with estimated revenue for each type of hedge: Forward hedge (7 points) and Money market hedge (12 points)