Assume you are a US company that exports computer and electronic products to Europe and expects to receive 500 million in revenue in 3 months time. Given the current environment related to COVID-19, you are concerned that you may be affected adversely and wish to reduce to the risk that your company is exposed to.

Based on this scenario, please answer the following questions:

If hedging is recommended, then the hedging strategy you will use and explain why you have chosen this strategy above all others (350 words)