5) (2 pts) Lorre Company needs to purchase 200,000 Canadian dollars (C$) in 90 days and is trying to determine whether or not to hedge this position. Lorre has developed the following probability distribution for the Canadian dollar: Possible Value of Canadian Dollar in 90 Days $0.74 0.77 0.78 0.79 Probability 15% 25% 35% 25% The 90-day forward rate of the Canadian dollar is $.782. If Lorre implements a forward hedge, what is the probability that hedging will be beneficial to the firm? A forward hedge will be beneficial % of the time