If an Australian company enters a forward exchange contract to buy US$$30000,$ then which of the following applies?

a$.$

The company has a contractual obligation to deliver foreign currency at the settlement date and that obligation is realised at the spot rate.

b$.$

The company has a contractual right to receive US$$30000$ at the settlement date and that right is an asset fixed in A$ at the forward rate.

c$.$

The company has the contractual obligation to deliver US$$30000$ at the settlement date.

d$.$

The company$$s contractual obligation $($at the forward rate$)$ and contractual right $($at the spot rate$)$ are settled on a net basis.

e$.$

The company$$s forward contract will act as a hedge against a recognised asset.