n American hedge fund manager believes that the value of the Canadian dollar (C$) will appreciate relative to the US dollar over the next several days. She decides to use 10 futures contracts on Canadian dollars to trade based on her belief. The futures price at the time she opened her position was C$=$.95. Which of the following will occur if the futures price the day she closes her position is C$=$1.02?

		Her ROIC will be positive.
		Her ROIC will be negative.
		Her ROIC will be zero.
		Cannot be determined