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Question 13 1 pts MNC needs 100,000 Canadian dollars (C$) in 90 days (i.e. has...

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Question 13 1 pts MNC needs 100,000 Canadian dollars (C$) in 90 days (i.e. has payable due) and is trying to determine whether or not to hedge this position. MNC has outline the following probability schedule. Possible Value of Canadian Dollar in 90 Days Probability $0.57 15% 0.59 25% 0.61 35% 0.63 25% The 90-day forward rate of the Canadian dollar is $.60. If Lorre implements a forward hedge, what is the probability that hedging will be more costly to the firm than not hedging

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