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Currencies-U.S. dollar foreign-exchange rates. Country/currency in US$ per US$ British Pound 1.5347 0.6516 Norwegian Kroner 0.1690 5.9172 Thai Baht 0.0310 32.258 Light Rays is a
Currencies-U.S. dollar foreign-exchange rates. Country/currency in US$ per US$ British Pound 1.5347 0.6516 Norwegian Kroner 0.1690 5.9172 Thai Baht 0.0310 32.258 Light Rays is a U.S. firm that imports special light bulbs from Norway. Light Rays often takes delivery in one month and pays for the bulbs in Norwegian Kroner months later. Assuming that futures trading exists between U.S. dollars and Norwegian Kroner, how can Light Rays hedge foreign currency risk? O A. Contract today to buy US Dollars at an agreed upon price in the future B. Contract today to sell Kroner at an agreed upon price in the future. C. Contract today to buy Kroner at an agreed upon price in the future. O D. Contract today to sell US Dollars at an agreed upon price in the future
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