You have 3-month accounts receivables in the amount of 500,000. You observe that:(1) The current spot rate: 100/$;(2) 3-month forward quote: 92/$;(3) The interest rate for dollars is 4%, and 6% for ;(4) The strike price for a 3-month put option written on yen is 100/$, and the option premium is 2% of the option size.Design at least two strategies through which you can hedge against the foreign exchange risk you are facing.