3. Suppose that the three-month forward Swiss franc to dollar rate is SFr1.450 per $. The forecast for the three-month ahead spot exchange rate by Analyst A is SFr1.430 per $ and the forecast by Analyst B is SFr1.530 per $. The actual spot rate realized three months later is SFr1.308 per $. a. Which of the three forecasts, including the forward rate, is the most accurate? b. If the spot rate at the time of prediction was SFr1.420 per $, which analyst(s) correctly predicted the appreciation of Swiss franc relative to the dollar?