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2) The following outright quotations are given for the Canadian dollar: Spot rate One moth forward Three months forward Six months forward Bid (CS/S) Ask

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2) The following outright quotations are given for the Canadian dollar: Spot rate One moth forward Three months forward Six months forward Bid (CS/S) Ask (CS/S 1.2340 1.2345 1.2367 1.2382 1.2350 1.2365 1.2382 1.2397 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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