A multinational corporation is expecting a payment of 250,000,000 Russian rubles in 6 months and wants to use options to hedge that exchange rate risk. The current spot rate of the ruble is $.020. There are call and put options available on the ruble that the MNC is considering purchasing. Which of the following options hedge the exchange rate risk in this circumstance?

Purchasing call options which will be exercised if the spot rate in 6 months is higher than the strike price

Purchasing call options which will be exercised if the spot rate in 6 months is lower than the strike price

Purchasing put options which will be exercised if the spot rate in 6 months is higher than the strike price

Purchasing put options which will be exercised if the spot rate in 6 months is lower than the strike price