Old West Grains of Canada has sold 10,000 tonnes of wheat to Schwine Hunt Processing of Germany for 112 euros per tonne, payable in one years' time. The current spot rate is 1.4125 (C$/euro) and the one year forward rate is 1.3929. Speculators are pegging the spot rate in one year to be 1.3625. Question 6 (2 points) What is the one year forward premium (discount)? Discount of 1.39% Premium of 1.39% Premium of 1.96% Discount of 1.96% If Old West Grains opts to book a forward contract, what will be the total price in Canadian dollars? $1,581,776 $1,550,976 $1,582,000 $1,560,048 Question 8 (2 points) If Old West Grains opts to take a chance on the spot rate in one year, what will be the total price in Canadian dollars (if the spot rate prediction is true)? $1,555,510 O $1,514,912 O $1,526,000 $1,529,024