2- As a Canadian exporter, you have agreed to offer 270 days credit terms to your Spanish buyer. You obtain from your bank a forward exchange contract and given the following information. A) Calculate the forward exchange rate the bank will provide B) Calculate the Canadian $ Proceeds you will receive. Amount Euros 4.5 million - Spot rate today 0.7971 (bid) 0.7981 (offer) -Int. rate Toronto 2.5% per annum -Int. rate Madrid 4.5% per annum (Consider the year of 365 days) Show all your calculation