Coca-Cola issued a large amount of debt in euro in the first quarter of 2015. Natural hedging of foreign exchange exposure was a consideration for the euro debt. Which of the following is consistent with Coca-Colas natural hedging consideration?

	a.	Coca-Cola has regular account receivables in euro.
	b.	Coca-Cola already has substantial liabilities in euro.
	c.	Coca-Cola expects the euro to appreciate substantially.
	d.	Coca-Cola expects its euro account payable to increase.