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2.Suppose the spot exchange rate for the Canadian dollar is C$1.23 and the six-month forward rate is C$1.27. a.What is worth more, a U.S. dollar

2.Suppose the spot exchange rate for the Canadian dollar is C$1.23 and the six-month forward rate is C$1.27.

a.What is worth more, a U.S. dollar or a Canadian dollar?

b.Is the U.S. dollar selling at a premium or a discount relative to the Canadian dollar?

3.Suppose the Japanese yen exchange rate is

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