Sports Exports Company has a contract to receive GBP 200,000 as quarterly payments for the footballs that it exports over a period of two years and wants to hedge its future cash flows. Jim Logan, the owner of the Sports Exports Company, is concerned that the pound may depreciate substantially over the near future. He recognizes that hedging on a quarterly basis does not really offer any protection against long-term movements in the exchange rate. He is considering how to hedge the exchange rate risk. What are your suggestions to Jim Logan? Explain