(3) Consider the following information: 180-day U.S interest rate........... 180-day UK interest rate..... ..8% .9% ..$1.50 180-day forward rate of Pound Sterling.. Spot Rate of the Pound Sterling $1.48 (a)Assume that Sunnyside Corp. based in New York will RECEIVE 500,000 pounds in 180 days. Would it be better-off using a forward hedge or a money market hedge? Explain. (b)Suppose the Sunnyside Corp. will need one million pounds in 180 days and does not have surplus cash (hence the need to seek credit facility from a financial institution) to execute a hedging arrangement, determine if it will be more beneficial to use the forward hedge or the money market hedge