A Mexican company has an account payable maturing in 12 months in euros for an equivalent of $500,000 euros. Due to the exchange rate fluctuation of the peso against the euro, the financial administrator has thought about taking care of the exchange rate, so he asks for your advice and that you answer the following:

-If the size of the futures and options contract on the euro is traded in blocks of $10,000 euros, the strike price is $24.80 MXP/EUR and the premium is $0.10 pesos per euro, what type of coverage of accounts payable would you recommend taking the company's finance director and why? -Make a conclusion about the most convenient type of coverage (at least three strategies) for your client