please solve the 3 parts

Contract - $1,000 CAD Canadian dollar Futures, USD CAD Naturity Last Change January 0.76595 -0.0002 February 0.76560 -0.00005 March 0.76605 -0.00025 Settle 0.76555 0.76565 0.6570 Opra 076510 0.650 0.76555 076593 0.76560 0.76610 06560 09605 1. Tom wants to hedge a payment that he must pay in CAD. Should he sell or buy futures contracts on CAD?* a. Tom must pay in CAD, so he must hedge against a rise in CAD. Therefore, Tom should buy a futures contract on CAD. b. Tom must pay in CAD, so he must hedge against a rise in CAD. Therefore, Tom should sell a futures contract on CAD. c. Tom must pay in CAD, so he must hedge against a drop in CAD. Therefore, Tom should buy a futures contract on USD. d. Tom must pay in CAD, so he must hedge against a rise in CAD. Therefore, Tom should sell a futures contract on USD. None of the above 2. Chavez bought 8 February contracts. If the CAD is trading at USD 0.82102 at the end of February, what is the profit or loss on Chavez's position? * O a. $2,768.5 O b. $2,2148 O c. 2,2148% O d. None of the above 3. Randy sold 13 March contracts. If the CAD is trading at USD 0.80405 at the end of March, what is the profit or loss on Randy's position? * O a. $24,927.5 profit O b. 22,148 profit $0 O d. $24,927.5 loss O e. None of the above Page 6 of 10