Question: Question 20 4 points Save Answer Summit Surgical Supplies (SSS), headquartered in New York, just placed an order for surgical masks with a supplier in

Question 20 4 points Save Answer Summit Surgical Supplies (SSS), headquartered in New York, just placed an order for surgical masks with a supplier in Mexico for MXN 100,000,000 with the payment due in 30 days. The current spot rate is MXN24/USD and the 30-day forward rate MXN23/USD. Ho w would SSS hedge the payables? By entering into a forward contract with a U.S. bank today. SSS agrees to receive 100,000,000 Mexican pesos in 30 days and a. pay 4,166,666.67 U.S. dollars in 30 days. By entering into a forward contract with a U.S. bank today. SSS agrees to pay the bank 100,000,000 Mexican pesos in 30 days and b. receive 4,347,826.09 U.S. dollars in 30 days. By entering into a forward contract with a U.S. bank today. SSS agrees to pay the bank 100,000,000 Mexican pesos in 30 days and C. receive 4,166,666.67 U.S. dollars in 30 days. By not entering into a forward contract with a U.S. bank today. SSS will do currency conversion at the spot rate in 30 days. By entering into a forward contract with a U.S. bank today. SSS agrees to pay the bank 4,347,826.09 U.S. dollars in 30 days and receive 100,000,000 Mexican pesos in 30 days

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