Select and substantiate your answer

A company has a supplier in Germany, to whom it must make a payment within 70 days for 500,000.00 euros. Currently it does not have the amount of the debt so, in anticipation of a possible drastic increase in the exchange rate, it decides to buy Euros in the long term, through a forward. If in the market the spot exchange rate is $ 21.3285 per euro and the risk-free rates in Mexico are at 7.5% and in Germany at 1.50%, what is the exchange rate at which you should buy the euros at 70 days?

a) $ 20.1381

b) $ 21.5766

c) $ 21.7027

d) $ 22.5893