You have always wanted to visit Bali, one of the 17,500 islands that comprise Indonesia, the world's largest archipelago. Now that you are close to graduation, it is time to follow the dream and head to Southeast Asia. However, not finding a quote for the Canadian dollar versus the Indonesian rupiah, you decide to use a cross rate to derive an exchange rate for CAD/IDR? The information you have shows: USD/IDR =14,750.70 and USD/CAD =1.3317. What is an appropriate exchange rate for CAD/IDR ? Select one: a. 11,760.68 b. 10,868.54 C. 14,750.70 d. 12,842.11 e. 11,076.59 A spot trade in FX is a trade made today and settled two days in the future. A forward trade is an agreement made today to exchange currencies at a future date. Using the current spot rate of USD/CAD =1.3317 and an assumed 6 -month forward rate of USD/CAD =1.3025, which of the following statements are true? Select one: a. CAD is appreciating against USD b. CAD is selling at a premium in the forward market c. USD is selling at a forward discount of 4.39% d. All of the above are true e. Only a. and b. above are true