James Bay Exports. A Canadian exporter, James Bay Exports, will be receiving six payments of 14,000, ranging from now to 12 months in the future: Since the company keeps cash balances in both Canadian dollars and U.S. dollars, it can choose which currency to exchange the euros for at the end of the various periods. Which currency appears to offer the better rates in the forward market? Calculate the forward premium, the Canadian dollar proceeds, and the difference from the spot rate proceeds in the CS/Euro forward market below. (Round the forward premium to three decimal places and the Canadian dollar amounts to the nearest cent.) Periodi Days Forward Spot Forward Premium C$ Proceeds of Difference C$/euro on the C$/euro 14,000 Over Spot 0 1.3366 C$ C$ Data table (Click on the following icon in order to copy its contents into a spreadsheet.) Period Days Forward spot C$ = 1.00 US$ = 1.00 1.3366 1.3237 1 month 30 2 months 60 1.3391 1.3240 1.3414 1.3246 3 months 90 1.3436 1.3248 6 months 180 1.3465 1.3252 12 months 360 1.3493 1.3280