) Suppose the following data: 6 month interest rate in Canada = 2.93833% 6 month interest rate in US = 2.46375% spot exchange rate = 1.11976 a) According to covered interest rate parity, what must be the 6-month forward rate? b) If the actual forward rate is 1.1575 then what actions will bring the forward and spot rates back into line with interest rate parity?