Ava Mason works for the Bank of Montreal, Canada. She has earned a reward trip to Cozumel, Mexico and a bonus of C$5,000!! Ava was told she can arrange her trip for departure in 3 months. Determine the relevant cross-rate for Ava as of

today a)

and in 3 months b) .

Table 6.1	In USD		Per USD
Country/currency	Fri	Thurs	Fri	Thurs
Brazil real	0.4504	0.4501	2.2205	2.2218
Canada dollar	0.9315	0.939	1.0735	1.0649
1-mos forward	0.9207	0.9208	1.0861	1.086
3-mos forward	0.9191	0.919	1.088	1.0881
Mexico peso	0.077	0.077	12.987	12.987
1-mos forward	0.079	0.078	12.6582	12.8205
3-mos forward	0.083	0.081	12.0482	12.3457