Assume the following information:

90 day U.S. interest rate	8%
90 day British interest rate	9%
90 day forward rate of British pound	$1.50
Spot rate of British pound	$1.48

Assume that Borx Co. from the United States will receive 400,000 pounds in 90 days.

Would it be better off using a forward hedge or a money market hedge?

Substantiate your answer with estimated revenue for each type of hedge.