Apple Inc. is a U.S.-based company, that designs, manufactures, and markets mobile communication and media devices, and personal computers. It also sells various related software, services, accessories, and third-party digital content and applications. The company offers iPhone, a line of smartphones; iPad, a line of multi-purpose tablets; and Mac, a line of desktop and portable personal computers, as well as iOS, macOS, watchOS, and tvOS operating systems. On August 30, Apple sold inventory to Yara International, a Norwegian company. The inventory was priced at NOK 46.65 million and due in 180 days. Apples multinational finance team collected the following currency and market quotes. Apple forecasts the Norwegian Krone (NOK) will be at about $0.1125/NOK in 180 days.

Current spot rate ($/NOK)	$0.1095
180-day forward rate ($/NOK)	$0.1105
Apples WACC	4.500%
180-day dollar interest rate	2.000%
180-day krone interest rate	1.250%
180-day dollar borrowing rate	4.000%
180-day krone borrowing rate	3.000%

What steps should Apple take if it wishes to engage in a money market hedge?

Group of answer choices

Acquire a krone denominated asset to offset the krone denominated asset.

Engage in a forward contract to buy krone forward.

Engage in a forward contract to sell krone forward.

Acquire a krone denominated liability to offset the krone denominated asset.

Do nothing.