Trident CFO, Maria Gonzalez, has just complete a purchase of communication equipment from a British firm for 1 million due in three months. Suppose that: The spot rate is $1.7640/E UK three-month borrowing rate is 10.0% (2.596 per quarter) UK three-month investment rate is 6.0% (1.5% per quarter) US three-month borrowing interest rate is 6.0% (1.5% per quarter) US three-month investment rate is 4.096 (1.0% per quarter) How does To hedges the exchange rate risk of the 1 million payable on the money market, Trident needs to: Borrow 0.9756 million Invest 0.9756 million Invest 0.9852 million Borrow 0.9852 million As the present value of US dollar, Trident invests $1.7210M. borrows $1.7210M. o borrows $1.7379M. o invests $1.7379M