Assume the following facts for Question 3 a. Mike Inc., a U.S. company, makes a sale and ships goods to Sally, SA, a Mexican customer b. Sales price is $200,000 (U.S.) and Mike allows Sally to pay in pesos in 30 days The current exchange rate is $0.12 per 1 peso d. Joe plans to receive 1,666,666 pesos in 30 days ($200,000/$0.12) c. 3 Talk to me about his foreign exchange risk; additionally what two tools can he use to hedge his risk