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Suppose Bank of Nova Scotia (a Canadian bank) quotes spot and 90- day forward rates of $0.6445-50 for one Canadian Dollar (CAD). (a) What are

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Suppose Bank of Nova Scotia (a Canadian bank) quotes spot and 90- day forward rates of $0.6445-50 for one Canadian Dollar (CAD). (a) What are the outright 90-day forward rates that Bank of Nova Scotia is quoting? (b) What is the forward discount or premium associated with buying 90-day Canadian dollar? (c) Compute the percentage bid-ask spreads on spot and forward Canadian dollar. Suppose Bank of Nova Scotia (a Canadian bank) quotes spot and 90- day forward rates of $0.6445-50 for one Canadian Dollar (CAD). (a) What are the outright 90-day forward rates that Bank of Nova Scotia is quoting? (b) What is the forward discount or premium associated with buying 90-day Canadian dollar? (c) Compute the percentage bid-ask spreads on spot and forward Canadian dollar

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