Question 9 10 points Exchange rate is currently $0.7 US per 1 Canadian Dollar. Interest rate is 2% in the US and 1% in Canada. A bank is short a futures contract on 1,000,000 Canadian Dollars with F= $0.75 per unit, maturing in one year. What position should the bank take to hedge the currency risk? a. Borrow 990,099 CAD at 1% b. Invest $990,099 US at 2% C. Borrow $990,099 US at 2% d. Invest 990,099 CAD at 1%