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If the forward rate is used to forecast the spot rate, and the forward rate of the Canadian dollar contains a 5% discount, and today's

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If the forward rate is used to forecast the spot rate, and the forward rate of the Canadian dollar contains a 5% discount, and today's spot rate of the Canadian dollar is $.78, what is the spot rate forecasted for one year ahead? Select one: O a. $.739. O b. $.817. O c. $.819. O d. $.741. O e none of the above

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