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A Mexican company has an account receivable maturing in 24 months in dollars equivalent to $800,000. Due to the exchange fluctuation of the Mexican peso

A Mexican company has an account receivable maturing in 24 months in dollars equivalent to $800,000. Due to the exchange fluctuation of the Mexican peso with respect to the dollar, the financial administrator has thought of covering himself on the exchange rate, so he asks for your advice and that you answer the following: -What options do you have to cover yourself? Justify the answer -If the forward exchange rate offered by a financial institution is $20.15 MXP/USD, how much will the company receive in 24 months? -According to MexDer's Electronic Trading System, the exchange rate on the expiration date (convergence price) is $21.75 MXP/USD, how much will the company receive upon expiration of the contract?

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