c

Which of the following statements is true? O a. The sum of a MNC's transaction exposure, operating exposure and transaction exposure is the MNC's economic exposure. Ob. In a two-party interest rate swap agreement, we can definitely concluded that both parties will benefit from the agreement OC More than one of these statements is true. Od in an interest rate swap, the principals are exchanged between the two parties. An investment manager based in Germany hedges a portfolio of UK gilts with a 3-month forward contract. The current spot rate is GBPO.833/EUR and the 90-day forward rate is GBPO-856/EUR. At the end of 3 months, the gilts have nsen in value by-2.50% in GBP terms), and the spot rate is now GBPO 82/EUR. What was the true cost of the forward contract? Od 11.044% annualised Ob. 14.787% annualised. OC. 7287% annualised d. 17.287% annualised