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If you see a three-month swap quote for Canadian dollar at a banks website as $1.3450-70 30-20, what is the outright three-month forward rate C$?

If you see a three-month swap quote for Canadian dollar at a banks website as $1.3450-70 30-20, what is the outright three-month forward rate C$? (5 points)

1. A contract is an agreement to buy or sell an asset. Discuss the difference between a spot and a forward contract on a currency in terms of their features. (10 points)

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