Your engine manufacturing plant has agreed to buy parts from a German supplier. You need to pay them in 90 days. Which of the following could hedge your risk with the least cost. a) buy puts on euros b) buy calls on euros c) buy forwards on euros d) sell forwards on euros In an expansionary move, your company opens a factory in Mexico. Which of the following would most effectively hedge your translation exposure? a) buy puts on pesos b) sell futures on pesos c) money market hedge on pesos d) borrow pesos e) none of the above