Question: Do not copy and paste your answers from internet sources. Assume that Stevens Point Co. has net payables of 200,000 Mexican Pesos in 180 days.

Do not copy and paste your answers from internet sources.

Assume that Stevens Point Co. has net payables of 200,000 Mexican Pesos in 180 days. The Mexican Interest rate is 7 percent over 180 days, and the spot rate of the Mexican Peso is $0.10. Suggest how the U.S firm could implement a money market hedge. Be precise.

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