Assume that 90-day U.S. securities have a 4.0% annualized interest rate, whereas 90 -day Canadian securities have a 4.5% annualized interest rate. In the spot market, 1 U.S. dollar can be exchanged for 1.4 Canadian dollars. If interest rate parity holds, what is the 90-day forward exchange rate between U.S. and Canadian dollars? Question 4 The spot exchange rate is 1.57 dollars per pound. The 30-day forward exchange rate is 0.6211 pounds per dollar. Therefore, pounds in the forward market are selling at a to the current spot rate