What are spot rates and forward rates? Scoot Corpy, a Canadian compary, produces and exports industrial machinery overseas, It recently made a sale to a Japanese manufacturing firm for X625 million, but the lapanese firm has 60 days before it must make the payment to Scoot Corp. The spot exchange rate is x130.11 per dollar, and the 60-day forward rate is 2133.78 per dollar. Is the yen selling at a premium or at a discount in the forward market relative to the Canadian dollar? Preminum Discount If the castomer pars Scook Corp, the 4625 million today, hos much will Scoot Corp, receive in bollars? $5.04 million $4.50 million $4.32 million $5.25 million Assuming that the forward market is correct and the spot exchange rate in 60 days will equal the 60 -day forward exchange rate today, Scoot Corp. would pet more dollars if the Japanese firm paid off its account