Money market hedge versus forward hedge 1. 2. 3. STEP: 1 of 3 Suppose that Mullen Co., a U.S.-based MNC, knows that it will need 300,000 British pounds in one year to pay for supplies. Mullen is considering engaging in a forward hedge on this payable. If the one-year forward rate on pounds is $1.30, this hedge will cost Mullens in one year Grade Stop TOTAL SCORE: 014 (to complete this stop and unlock the next stop) Grade It Now Save & Continue