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Suppose the spot exchange rate for the Canadian dollar is Candollar 1.08 and the six-month forward rate is Candollar 1.10. Which is worth more, a

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Suppose the spot exchange rate for the Canadian dollar is Candollar 1.08 and the six-month forward rate is Candollar 1.10. Which is worth more, a U.S. dollar or a Canadian dollar? U.S. dollar Canadian dollar Assuming absolute PPP holds, what is the cost in the United States of an Elkhead beer if the price in Canada is Candollar 2.65? (Round your answer to 3 decimal places, e.g., 32.161.)

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