Question 17 Here are direct spot and forward markets quotes for CAD over three points in time now (1/1/XXI. one month later (2/1/XX), three months late 14/1/XX), and six months later (7/1/XX). CAD Soot Month Forward 3 Month Forward 6 Month Forward 112 10165 10317 1.0472 1.0629 21XX41XX 1.0833 1.026 1.0995 1.0417 1.0573 1.1327 1.0732 71XX 10895 1.1058 1.1224 1.1392 On 1/1/XX, IBM bought a 1 month forward contract of CAD 5,000,000 from Bank One. Based on this transaction: IBM will pay USD 5,497.500 to Bank One in 1 month and will receive CAD 5.000.000 from Bank One in 1 month IBM will pay USD 5. 158.500 to Bank One in 1 month and will receive CAD 5.000.000 from Bank One in 1 month IBM will pay CAD 5,000,000 to Bank One in 1 month and will receive USD 5,497.500 from Bank One in 1 month IBM will pay USD 5.158 500 to Bank One now, and will receive CAD 5.000.000 from Bank One in 1 month D Question 16 Please answer the question based on the quotes provided below: Quotes: 1/1/20X1 USD/EUR = 0.7843 Quotes: 1/1/20X2 USD/EUR 0.7381 During the 1/1/20x1 to 1/1/20X2 period, the percentage appreciation/depreciation of the Euro from US point of view was: 5.89 appreciation 6.26% appreciation 6.2656 depreciation 5.89 depreciation