On June 15, a US firm is planning to import Mexican caviar worth Pesos 2 million due on July 15 (one month later). The firm decides to hedge its payables position by using September peso futures. The spot rate on June 15 is USS 0.0630/ peso and the September futures price on June 15 is at $0.0665 per peso. One month late on July 15, the spot rate is $0.0570 / peso while the September futures price is $0.0615 / peso. Assume contract size i 2 million pesos. What is the gain or loss from the futures hedge: Loss of $9,000 O a. Gain of $10,000 O b. Loss of $10,000 O c. Gain of $12,000