Bellamy's, an Australian diary company, needs to pay 200,000 to one of its UK business partners in one month's time. It's expected that is going to appreciate next month. Should Bellamy's buy or sell forward contract on ? Given the below forward rate information, what is the hedged cost of Bellamy's payable using the forward market hedge? Please select the most suitable answer /A$ /A$ C$/$ One-month 1.65 5.50 1.35 Two-month 1.70 5.45 1.30 Three-month 1.75 5.35 1.25 O a. Buy forward contract. The hedged cost is A$ 121,212 b. Buy forward contract. The hedged cost is A$ 153,846 OC. Sell forward contract. The hedged cost is A$ 121,212 d. Sell forward contract. The hedged cost is A$ 153,846