The 180-day U.S. interest rate is 8%. The 180-day British interest rate is 9%. The 180-day forward rate of the British pound is $1.50. The spot rate of the British pound is $1.48. Assume that Riverside Corp. from the United States will receive 400,000 pounds in 180 days. The cost of Riverside from implementing a forward hedge is ____. The cost of Riverside from implementing a money market hedge is _____. It is better off using a _____ hedge.

$592,000; $586,569; money market

$600,000; $597,481; forward

$600,000; $586,569; forward

$592,000; $597,481; money market