The Steps Involved in a Money Market Hedge for a Foreign

The steps involved in a money market hedge for a foreign currency payable of a Canadian firm are in order:

A) Borrow Canadian dollars, buy foreign currency spot, invest in foreign currency T-bills, pay foreign currency payable
B) Borrow Canadian dollars, buy foreign currency spot, invest in Canadian T-bills, pay foreign currency payable
C) Borrow foreign currency, buy dollar spot, invest in foreign currency T-bills, collect foreign currency proceeds
D) Borrow foreign currency, buy dollar spot, invest in Canadian T-bills, collect foreign currency proceeds