Question 1: (c) You are providod with the following spot and forwand rates between the Canatiun dollar and the Us divlar: Spoe rater aos7s sicad 3-powath Forward rate: 0.84s\$ SCAD i. Bueci on the spox and forward rates, do you expeet the Cunadian dollar to weaken or strengthen against the US dollar? Explain your answer. i. Is the US dollar trafing at a premium or discount, assuming you use the 6-month forward rate and Canads is the home country? Explain your answer. [3 marks] (d) The following spot rates are provided to you: Using the above rates, demonstrate how a triangular arbitrage can be profitable, assuming you have $300,000. Show your workings. [3 marks]