An Australian firm purchases llama wool socks from a company based in Peru, with the transaction being invoiced at 2.72 million Peruvian Sol ("PEN"). The account is to be paid in 210 days time. Which of the following strategies could the Australian firm engage in in order to protect themselves against adverse exchange rate movements with respect to their foreign currency transaction? Select just one answer Select one: Short Australian dollar futures on the Peruvian futures exchange Undertake a money market hedge involving borrowing Peruvian Sols and investing in Australian dollars None of the other answers are appropriate strategies Purchase a put option on the Peruvian Sol (priced in Australian dollars) Take a long forward position on the Australian dollar against the Peruvian Sol