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D Question 24 Please use this information to answer the question below: A US firm's expected Accounts Payable in Canada due in 1 year

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D Question 24 Please use this information to answer the question below: A US firm's expected Accounts Payable in Canada due in 1 year Current Spot Rate (SR) for CAN Annual interest rate in US (Rh) CAD 20,000,000 USD 0.65 5% Annual interest rate in Canada (Rf) 3% 8 pts If the I-year Forward rate for CAN is $0.67, then based on all information given above, the firm should: O use a money market hedge O use a forward hedge

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