A company based in America has sales in Europe, Asia, and the Americas have receivables in different currencies. , the company delivered a shipment of your products to a major distributor The receivable, 20 million, is due in 90 days, standard terms for the industry in Europe. The companys foreign exchange advisors believe the currency will be at about $1.1904/ in 90 days. Management does not use currency options in currency risk management activities. Assuming: current spot,$/pounds $1.877, 90-days US interest rate 3.000%, 90-days borrowing rate 4.250%, 90-days pounds borrowing rate 5.750%

determine I. foreword hedge 2. money market hedge, call option hedge. Decide on which hedging alternative is probably preferable.