3 quoted as "C$1.2340/S Bid and C$1.2350/S Ask." The six-month forward rate FiCS/S is quoted as "C$1.2382/$ Bid and C$1.2397/S Ask." Assume you reside in the United States. Calculate forward quotes for the Cana- dian dollar as an annual percentage premium or discount. Would a trader in Canada get a different answer if asked to calculate the annual percentage pre- mium or discount on the U.S. dollar? Why? 05 3 quoted as "C$1.2340/S Bid and C$1.2350/S Ask." The six-month forward rate FiCS/S is quoted as "C$1.2382/$ Bid and C$1.2397/S Ask." Assume you reside in the United States. Calculate forward quotes for the Cana- dian dollar as an annual percentage premium or discount. Would a trader in Canada get a different answer if asked to calculate the annual percentage pre- mium or discount on the U.S. dollar? Why? 05