Question: Please use this information to answer the question below: A US firm's expected Accounts Receivables in Canada due in 1 year CAD 20,000,000 Current

Please use this information to answer the question below: A US firm's expected Accounts Receivables in Canada due in 1 year CAD 20,000,000 Current Spot Rate (SR) for CAN USD 0.65 Annual interest rate in US (Rh) 5% Annual interest rate in Canada (Rf) 3% If the I-year Forward rate for CAN is $0.66, then based on all information given above, the firm should: use a money market hedge O use a forward hedge

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