If, Nintendo Co., Ltd., a Japanese firm, desires to avoid the risk from exchange rate fluctuations, and it will receive PHP8,000,000 (PHP stands for Philippine peso) in 220 days from its business client in Philippines, Nintendo Co. could: sell Philippine pesos when it's due at the spot market with the spot rate. obtain a 220-day forward sale contract on Philippine pesos (i.e., sell a 220-day forward contract on Argentine pesos). obtain a 220-day forward purchase contract on Philippine pesos (i.e., buy a 220-day forward contract on Philippine pesos). purchase a 220-day call options on Philippine pesos.

If, Nintendo Co., Ltd., a Japanese firm, desires to avoid the risk from exchange rate fluctuations, and it will receive PHP8,000,000 (PHP stands for Philippine peso) in 220 days from its business client in Philippines, Nintendo Co. could: sell Philippine pesos when it's due at the spot market with the spot rate. obtain a 220-day forward sale contract on Philippine pesos (i.e., sell a 220-day forward contract on Argentine pesos). obtain a 220-day forward purchase contract on Philippine pesos (i.e., buy a 220-day forward contract on Philippine pesos). purchase a 220-day call options on Philippine pesos