2) XYZ Ltd is a mining company incorporated in Australia and exports most of its iron ore to Japan. The company expects to receive JPY 100,000,000 in 3 months. As the CFO of the company, you consider to enter a forward contract to hedge your transaction exchange risk. Your local bank provides the following quote to you. Which of the following statements is MOST likely to be true? A. The company should not enter into the forward contract as it can exchange JPY 100,000,000 for a higher amount of AUD in the spot market. B. JPY is at a forward discount. C. By entering into the forward contract, the company is immediately able to exchange JPY 100,000,000 to AUD 1,148,106. D. The company will not face foreign exchange risk and default risk by holding the forward contract. E. None of the above is correct