Suppose that a U$.$S$.-$based company exported goods to a Swiss firm and gave the Swiss client a choice of paying either $$50,000$ or SF $75,000$ in three months. The spot exchange rate is $$\frac{0\mathrm{.}63}{?}$ SF and the three$-$month forward rate is $$\frac{0\mathrm{.}65}{S}F.$ You are the CFO of the U$.$S$.$ company.

If you believe that the spot rate in three months is the same as the current forward rate, what is the best way you recommend for the U$.$S$.-$based firm to deal with the exchange exposure? $q,$

Do nothing as there is no exchange exposure.

Long a three$-$month put option on SF$75,000.$

Long a three$-$month put option on $$50,000.$

Long a three$-$month call option on SF$75,000$