Question: Question 10 1 points saved Lear will make a payment of 100 M MXN (100 million Mexican pesos) on December 21, 2020 as part of

Question 10 1 points saved "Lear will make a payment of 100 M MXN (100 million Mexican pesos) on December 21, 2020 as part of a significant capital investment in one of its facilities in Ciudad Jurez, Mexico. Lear s currency of operation is the USD, therefore, Lear is concerned about the volatility of the dollar-peso exchange rate. You are helping construct a hedge today using futures on the Chicago Mercantile Exchange (CME) where a contract for 500,000 MXN trades. Assume today is in June 2020. The peso futures contracts mature on a monthly cycle. Which contract maturity should you optimally choose to hedge? June 21, 2020 September 21, 2020 December 21, 2020 March 21, 2020 2

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