Indianapolis Co., a U.S. firm, has a large amount of receivables denominated in Chilean pesos that it will receive in one year. Which of the following would be considered an appropriate means of hedging this exposure?

a. sell a call option on Chilean pesos

b. use a money market hedge in which it borrows dollars, converts dollars into Chilean pesos, and invests pesos for one year

c. purchase a call option on Chilean pesos

d. sell peso futures

e. sell a put option on Chilean pesos