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 CoMFC has to pay million Canadian dollars for supplies it recently received from Canada. Today, the Canadian dollar has appreciated by percent against the US dollar. MFC has determined that whenever the Canadian dollar appreciates against the US dollar by more than percent, it experiences a reversal of 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 percent; tomorrow
depreciate by percent; today
appreciate by percent; today
depreciate by percent; tomorrow
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