USA Corp., a U.S. firm, has future payables denominated in Mexican pesos. Which of the following would be considered an appropriate means of hedging this exposure?

a. sell a put option on pesos

b. sell peso futures

c. purchase a put option on pesos

d. use a money market hedge in which it borrows pesos, converts pesos to dollars, and invests dollars

e. purchase a call option on pesos