XYZ Corporation, located in the United States, has an accounts payable obligation of 750 million payable in one year to a bank in Tokyo. Which of the following is NOT part of a money market hedge?

Group of answer choices

Invest in risk-free Japanese securities with the same maturity as the accounts payable obligation.

Buy the 750 million at the forward exchange rate.

Buy that much yen at the spot exchange rate.

Find the present value of 750 million at the Japanese interest rate.

None of the others