Company Z wants to hedge the purchase of a currency in 3 months time. They wants to use a derivative contract that will meet their specific requirements regarding the maturity date, type of currency, and exact quantity transacted. Company Z wishes to have no exposure to the currency exchange rates, that is they pay the same amount of money regardless of any price fluctuations. They should buy a:

a.

Put Option

b.

Forward

c.

Call Option

d.

Futures

Clear my choice