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Suppose that you are a finance manager at a U.S. based MNC, On January 1st,...

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Suppose that you are a finance manager at a U.S. based MNC, On January 1st, you anticipate you will need to purchase C$370,000.00 (Canadian dollars) worth of supplies from a Canadian supplier in March using Canadian dollars (C$). The current spot rate for the Canadian dollar is $0.80. In the previous parts of this question your MNC paid $296,000.00 for a futures position (C$370,000.00 at $0.80), but then closed that position by selling a futures contract that allowed them to receive $284,900.00 (C$370,000.00 at $0.77). Your MNC from these positions totalling S Grade Final Shop incurs a loss other TOTAL SCO accrues gains

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