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Suppose the spot exchange rate is C$1.064 and the six-month forward rate is C$1.071. The U.S. dollar is selling at a relative to the Canadian

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Suppose the spot exchange rate is C$1.064 and the six-month forward rate is C$1.071. The U.S. dollar is selling at a relative to the Canadian dollar and the U.S. dollar is expected to relative to the Canadian dollar. O Premium; depreciate OPremium; remain constant O Discount appreciate Discount; depreciate Premium; appreciate

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