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A US company has land in Acapulco that will likely be sold in the next year. There are two possible states of the world. With

A US company has land in Acapulco that will likely be sold in the next year. There are two possible states of the world. With a probability 75% the exchange rate will be$0.3600/ P. In this case the land will be worth P 7,500,000. With a probability 25% the exchange rate will be $0.3672/ P and the land will be worth P 7.333,333. How would you use financial hedging to hedge this exposure?

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