Suppose that the spot rate and the 90-day forward rate on the pound sterling are $1.45/ and $1.35/, respectively. Your company, wishing to avoid foreign exchange risk, sells 500,000 forward 90 days. Assuming that the dollar appreciates by 5% 90 days hence, your company will: (Indicate the best answer and explain why it is correct.) a. benefit from having sold pounds forward b. rece e 500.000 90 days hence c. rece ve less than 500,000 in 90 days d. ha ebeen better off not to have sold pounds forward e none of the above e orders