Question: Question 1 (1 point) TIAA-CREF - the US Pension fund - is considering a risk proof investment of US$ 1 billion for the next 180

Question 1 (1 point) TIAA-CREF - the US Pension fund - is considering a risk proof investment of US$ 1 billion for the next 180 days. Investment opportunities include a US zero treasury bond offered at 98% maturing at 100% in 180 days and an Australian money market fund yielding 8.25% annually. The AUD is at a six-month forward discount of 1.45% vis-a-vis the US$. Would you advise TIAA-CREF to invest in )The AUD money market fund hedged through a forward AUD sale O The AUD money market fund hedged through a forward AUD purchase O The AUD money market fund The US zero treasury bond

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