RoboLand is a U.S. company that exports robotic toys to Mexico. The company expects to receive 5,000,000 Mexican pesos (MXN) in one year from its exports. The firm expects the following exchange rate scenarios and probabilities: Scenario A B C Spot rate in one year $0.0573 $0.0582 $0.0591 Probability 0.5 0.4 0.1 The spot rate is $0.0582 per peso and the one-year forward rate is $0.0596 per peso. The U.S. interest rate is 4% and the Mexican interest rate is 13%. A put option on pesos expiring in one year costs $0.005 per peso and has an exercise price of $0.0582 per peso.