$3.$ The following outright quotations are given for the Canadian dollar: Bid $($C$$/$$$)$ Ask $($C$$/$$$)$ Spot rate $1\mathrm{.}23401\mathrm{.}2350$ One month forward $1\mathrm{.}23451\mathrm{.}2365$ Three months forward $1\mathrm{.}23671\mathrm{.}2382$ Six months forward $1\mathrm{.}23821\mathrm{.}2397$ a$.$Assume you reside in the United States. Calculate forward quotes with bid and ask for the Canadian dollar as percentage premium or discount. b$.$ Would a foreign exchange trader in Canada get a different answer if asked to calculate the percentage premium or discount on the U$.$S$.$ dollar for each forward rate? Why