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2) The following outright quotations are given for the Canadian dollar: Assume you reside in the United States. Calculate forward quotes for the Canadian dollar

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2) The following outright quotations are given for the Canadian dollar: Assume you reside in the United States. Calculate forward quotes for the Canadian dollar as an annual percentage premium or discount. Would a foreign exchange trader in Canada get a different answer if asked to calculate the annual percentage premium or discount on the U.S. dollar for each forward rate? Why

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