Schultz considers these alternatives:

- hedge with one-year forward contract,

- hedge with a money market hedge,

- hedge with at-the-money put options on Swiss francs with a one-year expiration date,

-orremain unhedged.

REQUIRED. Which alternative will generate the highest expected amount of US dollars? If multiple alternatives are tied for generating the highest expected amount, list each alternative. Conduct your review from the WAQ_US point of view.