Smith Inc of Montreal Sells 75% of Two Million Dollars of of Sales

Smith Inc. of Montreal sells 75% of two million dollars of sales in the United States. Smith expects the Canadian dollar to strengthen vis-a-vis the U.S. dollar over the next year. Which of the following represents Smith's best course of action to limit its risk of currency losses.

A) Hedge the Canadian dollar depreciation risk by buying a forward contract to deliver 1.5 million U.S. dollars at today's exchange rate.
B) Hedge the Canadian dollar appreciation risk by buying a forward contract to deliver 1.5 million Canadian dollars at today's exchange rate.
C) Hedge the U.S. dollar appreciation risk by buying a forward contract to deliver 1.5 million Canadian dollars at today's exchange rate.
D) Hedge the U.S. dollar depreciation risk by buying a forward contract to deliver 1.5 million U.S. dollars at today's exchange rate.
E) Hedge the U.S. dollar appreciation risk by selling a forward contract to deliver 1.5 million U.S. dollars at today's exchange rate.