As an American exporter, I need to hedge a 2.1 million Canadian transaction taking place in 2 months. Here is some data.

Spot rate 0.7082-83 $/C

2 month forward rate 0.7100-01 $/C

Spot rate in 2 months turns out to be 0.600-01 $/C

Canadian options pricing data for options with an exercise price of 0.71 $/C

NowEnd

Call.050

Put.04.14

Option prices are in dollars.

Please hedge it with options, forwards, no hedge, and rank them

USE CONTRACT SIZE 100,000