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You company (all operations in Canada) has just landed a large U.S. contract. You have been asked by the Board to set up some hedge

You company (all operations in Canada) has just landed a large U.S. contract. You have been asked by the Board to set up some hedge structures (without costs shown)) for their consideration at the next Board meeting. The Receivables are expected to be US$10 million per month. The Canadian dollar contracts on futures are C$100,000 and on C$ options is C$50,000. The current market price is US$.7681/C$1. Option strike prices are in half cents. Set up at least two structures (bonus marks for extra work)

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