Question: Mick Fanning Co . ( MFC ) has to pay 5 million Canadian dollars for supplies it recently received from Canada. Today, the Canadian dollar

Mick Fanning Co.(MFC) has to pay 5 million Canadian dollars for supplies it recently received from Canada. Today, the Canadian dollar has appreciated by 2 percent against the U.S. dollar. MFC has determined that whenever the Canadian dollar appreciates against the U.S. dollar by more than 1 percent, it experiences a reversal of 40 percent of that change on the following day. Based on this information, the Canadian dollar is expected to ____ tomorrow, and MFC would prefer to make payment ____.
Group of answer choices
appreciate by .8 percent; tomorrow
depreciate by .8 percent; today
appreciate by .8 percent; today
depreciate by .8 percent; tomorrow

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