Answer Happy

Redcross, Inc. an Australian company needs to invest one million
Chinese yuan in its Chinese subsidiary to support local operations.
Redcross would like its subsidiary to repay the yuan in one year.
Redcross would like to engage in a swap transaction. Thus, Redcross
would: Select one: a. convert the Australian dollars to yuan in the
spot market today and convert yuan to Australian dollars in one
year at today's forward rate. b. convert the yuan to Australian
dollars in the spot market today and convert yuan to Australian
dollars in one year at today's forward rate. c. convert the
Australian dollars to yuan in the spot market today and convert
dollars to yuan in one year at the prevailing spot rate. d. convert
the Australian dollars to yuan in the spot market today and convert
yuan to Australian dollars in one year at the prevailing spot
rate.