b) The following market information is provided. S(CAD/USD)=1.3025/35 (CAD per USD) The 1-month swap points =15/25 Note: CAD= Canadian Dollars; USD = United States Dollars (i) If a financial manager wishes to buy 3,500,000 USD against CAD in the spot market, what is the amount of CAD that the financial manager will need to pay? (3 marks) (ii) If a financial manager wishes to sell USD against CAD using a 1-month forward contract, what is the forward rate that will be used for the transaction? (3 marks) (iii) Suppose the mid-rate of S(SGD/USD) is 1.4050 (SGD per USD), calculate the cross rate of S(SGD/CAD), which is the amount of SGD per CAD. You may use the mid-rate of S(CAD/USD)=1.3030 for your calculations. You may leave your final answer in 5 decimal places. (4 marks) (iv) What is the bid and offer price of CAD in terms of USD as denoted by S(USD/CAD)? You may leave your final answer in 5 decimal places