8. (8 points) The following information is available about spot rates and six-month forward spreads: Spot exchange rate: euro to pound dollar to pound Six-month forward spread: euro to pound dollar to pound 1.1475 / $ 1.2810 / - 0.0055 / $ + 0.0080 / (a) Write the outright six-month forward rates for the euro per pound and for the dollar per pound, and use these two forward rates to calculate the six-month forward rate between the dollar to the euro (i.e. compute the dollar per euro forward rate). (b) Given your answer to part (a), what is the forward spread (for $/)? Does this forward spread reflect market expectations for depreciation or appreciation of the euro (against the dollar)