Question 11 2 pts ABC, a U.S. based MNC, plans to use a money market hedge to hedge its payment of 5 million New Zealand dollars (NZD) for NZ goods in 2 years. The nominal annual U.S. interest rate is 6% while that of NZ is 10%. The spot rate of the NZD is $0.68 while the 2 year forward rate is $0.63. Should ABC hedge its payables with a money market hedge or a forward hedge? Time Running Attempt due: Mar 7 26 Minutes, 32 S The money market hedge is preferable because it results in a lower U.S. dollar cash outflow O The forward hedge is preferable because it results in a lower US. doilar cash outflow O The money market hedge is preferable because it results in a higher US dollar cash inflow The forward hedge is preferable because it results in a higher US dollar cash inflow