Answer the following questions regarding covered interest arbitrage in both directions. Assume that the existing U.S. 1-year interest rate is 10% and the Canadian 1-year interest rate is 11%. Also assume that interest rate parity exists. a. Should the forward rate of the Canadian dollar exhibit a discount or a premium? (10 points) b. If a U.S. investor attempts CIA, what will be his or her return? If a Canadian investor attempts CIA, what will be his or her return? (10 points)