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Given the following information: 1 Canadian dollar/US dollar: $0.74337, the Canadian nominal annualized rate is 6%; US nominal annualized rate is 5%. Using the interest

Given the following information: 1 Canadian dollar/US dollar: $0.74337, the Canadian nominal annualized rate is 6%; US nominal annualized rate is 5%.

Using the interest rate parity, determine the

1) indirect 90-day forward rate: Canadian dollar/US dollar

2) Direct 90-day forward rate U.S. dollar/ Canadian dollar

Please show Excel inputs. Thankyou so much!

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