Suppose the spot exchange rate for the Canadian dollar is Can $1.04 and the six-month forward rate is Can$1.06. 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 Can$3.25? (Round your answer to 3 decimal places, e.g., 32.161.) Cost in U.S. dollars Is the U.S. dollar selling at a premium or a discount relative to the Canadian dollar? Premium Discount Which currency is expected to appreciate in value? Canandian dollar U.S. dollar Which country do you think has higher interest rates - the United States or Canada? United States Canada