A USFirm Has a €1 Million Payment Due to a Dutch

A U.S.firm has a €1 million payment due to a Dutch firm in 90 days.The current spot rate is $1.00 per euro,and the 90-day forward rate is $1.11.Ben forecasts that the spot rate in 90 days will be $0.99.Jerry forecasts that the spot rate will be $1.12 in 90 days.The actual spot rate in 90 days turns out to be $1.10.If the U.S.firm follows Jerry's forecast,it would:

A) buy euro in the forward market at$1.11.
B) wait and buy euro 90 days later at $1.10.
C) buy euro now at $1.12 and let it sit in the company's safe.
D) wait and buy euro in the forward market 90 days later at $1.11.