On 1 June, a UK importer purchased goods with an invoice value of $90,000 from the USA. The Importer has to pay for the goods by 1 September. The spot rate of exchange on 1 June was 1.80$/1 and the three month forward rate was 2.00 $/1. The importer has 50,000 available on 1 June to pay the invoice. The importer could invest in either the UK at a three-monthly interest rate of 4% per quarter or in the USA at 3\% per quarter. If the spot rate of exchange on 1 September was 1.95$ / E, which of the following courses of action would have minimized the UK importer's costs? (Ignore taxation and any transaction costs.) A). Pay the $90,000 on 1 June