1. what is the example for forward discount?

2. You are given the following series of exchange rates for the US dollar $, the Canadian dollar C$ and the British pound :

$0.6000/C$; $1.2500/; C$2.5000/.

Assuming that you have $1,000,000 in cash, show how you can take advantage of this series of exchange rates and the profit you would make (show the calculations)