(3)Consider the following information: 180-day U.S interest rate.... ..8% 180-day UK interest rate.... .....9% 180-day forward rate of Pound Sterling......... ....$1.50 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 to execute a hedging arrangement, again, determine if it will be more beneficial to use the forward hedge or the money market hedge