Suppose the spot exchange rate for the Canadian dollar is Can$1.05 and the six-month forward rate is Can$1.07 a. Which is worth more, a U.S. dollar or a Canadian dollar? O Canadian dollar OU.S. dollar b. Assuming absolute PPP holds, what is the cost in the United States of an Elkhead beer if the price in Canada is Can$2.50? (Round your answer to 3 decimal places. (e.g., 32.161)) Cost in U.S. dollars c. Is the U.S. dollar selling at a premium or a discount relative to the Canadian dollar? O Discount O Premium d. Which currency is expected to appreciate in value? OU.S. dollar O Canandian dollar e. Which country do you think has higher interest rates - the United States or Canada? O Canada United States