Your firm, which operates in the United States, has a contractual payment of 1 million due in three months. Which of the following methods would be considered speculative regarding your exchange-rate risk? A. Buy 1 million pounds now at the current spot rate. B. Buy 1 million pounds in three months at the current spot rate.

C. Contract forward to buy 1 million pounds in three months. D. Borrow dollars, convert to pounds at spot, invest for three months.