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A Euro-based MNC wants to hedge it payments of C$40 million due in 3 months. Based on the following information, implement two hedging strategies for

A Euro-based MNC wants to hedge it payments of C$40 million due in 3 months. Based on the following information, implement two hedging strategies for the MNC. Which hedging strategy would you recommend? Explain.

Spot rate	0.9422/C$
3-month forward rate	0.9440/C$
interest rate per annum	5.40%
C$ interest rate per annum	4.71%

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