Time left 0-5647 On January 1, 2021. a U.S. firm sold equipment to a foreign firm for 50,000 FC, to be received on March 1 in FC The spot rate was 1 FC = $150 on January 1 and 1 RC = $1.65 on March 1. To protect themselves from exchange rate changes, the US firm entered into a forward exchange contract on January 1 to sell FC on March 1 for $1.52. The memo on 1.1.2021 is: O a. The Company acquires a forward contract to buy 50,000 FC at a forward rate of $1.50. O b. The Company acquires a forward contract to buy 50,000 FC at a forward rate of $1.65. O c The Company acquires a forward contract to buy 50,000 FC at a forward rate of $1.52. Od. The Company acquires a forward contract to sell 50,000 FC at a forward rate of 51:52. Next page L LG FIO FO 84 99 0 U P