Question $36($Mandatory$)(2\mathrm{.}5$ points$)$

Alston Ltd$.,$ a British company, purchases research data from Yukon, a Canadian company, for a contract price to be paid in Canadian dollars when the data is delivered three months later. How would Alston like to see the exchange rate move, assuming it isn't hedging the transaction?

$30$

A$)$ It hopes that the Canadian dollar depreciates in value against the British pound.

$33$

$36$ in the U$.$K$.$

C$)$ It hopes that the Canadian dollar appreciates in value against the British pound.

D$)$ It hopes that there is no change between the spot rate and the forward rate.