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A US company decides to hedge its bid on a construction project based in Mexico. However, the peso exposure is contingent on acceptance of its bid, so the company decides to buy a call option for the MXN 19 million bid amount rather than sell it forward. The company simultaneously sells a put option for MXN 19 million with the same strike price. Which of the following statements is true? O & The company's strategy is identical to a long forward and will be a good hedge if the peso appreciates against the USD Ob. The company's strategy is identical to a short forward and will be a good hedge if the peso appreciates against the USD O The company's strategy is identical to a long forward and will be a good hedge if the pero depreciates against the USD. Od. The company's strategy is identical to a short forward and will be a good hedge if the peso depreciates against the USD Oe More than one of these options is correct