Your Canadian customer asks your bank to sell her three (3) Bank drafts for total UK Sterling 120,000 pounds in total for delivery. One third February, One third March and One third April. Current rates of exchange and forward (Discount margins) are given: What Forward Exchange rate (s) would you quote your customer if she chooses to buy the Bank drafts from your bank as follows. * Denotes an inverted rate -Stg. 60,000 on February1, 2016 -Stg. 60,000 on March 1, 2016 -Stg. 60000 on April 1, 2016 What is the Canadian Dollar cost for each separate transaction? What is the total cost for all transactions in Canadian dollars