Assume that your company expects to receive a GBP 2,000,000 payment one year from now. The one-year actual forward rate of the USD/GBP is F1USD/GBP= 1.42 and the synthetic one-year forward is FYIUSD/GBP= 1.40. Which of the following statements is true?

Group of answer choices

You can hedge this natural short position in GBP by entering a one-year long forward GBP contract.

You can hedge this natural long position in GBP by entering a one-year long forward GBP contract.

Based on a comparison of the forward rates, a savvy financial manager would hedge this position with a money market hedge.

Based on a comparison between the actual and synthetic forward rates, a savvy financial manager would hedge this position with an actual forward contract.