On Dec 1, 2015, XYZ (a US firm) entered into a transaction to import raw materials from EU country. The account is to be settled Mar 1, 2016 with the payment of 50,000 euros. The spot rates and the forward rates are as follows: Spot Rate Forward Rate Date Super euro {Mar 1 Settlement) Dec 1 $1.00 $1.03 Mar 1 $1.04 To hedge the firm's A/P position, XYZ should: Dan Buy a forvard contract to sell 50,000 euros on Mar 1 b. Buy a forward contract to purchase 50.000 euros on Mari Dec None of the above