Assume that Conner Co. negotiated a forward contract to purchase 2,000,000 British pounds in 60 days. The 60 day forward rate was $1.40 per British pound. The pounds to be purchased were to be used to purchase British supplies. On the day the pounds were delivered in accordance with the forward contract, the spot rate of the British pound was $1.42. What was the real cost of hedging the payables for this U.S. firm? Here is the link to a blank excel spreadsheet: blank worksheet fox exam.xlsx A. 40000 B. -40000 OC. None of the choices is correct. D. 2800000 OE. 2840000 13.