paya (a) Plantronics owes SKr 50 million, due in one year, for some electrical equipment it recently bought from ABB Asea Brown Boveri. At the current spot rate of $0.1480/SKr, this payable is $7.4 million. It wishes to hedge this payable but is undecided how to do it. The one-year forward rate is currently $0.1436. Plantronics' treasurer notes that the company has $10 million in a marketable U.S. dollar CD yielding 7% per annum. At the same time, SE Banken in Stockholm is offering a one-year time deposit rate of 10.5%. What are the costs of each hedging alternative for Plantronics? Which is preferred? (12 marks)