host country- canada, foreign country- india , MNC - Laser Quest Question

As an MNC you encounter Foreign Exchange Risk -Hedging.

a. Discuss the different options for hedge receivables and payables.

b. Assume that your host country has blocked the repatriation of revenue for 1 year. With revenues totaling $1M. Calculate the best option to hedge the revenue for 1 year. Show calculations using the money market, forward contract, and options.

c. Assume that the MNC has payables totaling $100,000 to pay in 12 months. Use current rates which option is best to hedge the payables. Show all calculations.

please provide references to support the answer.