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Zoom to see. value Suppose the spot exchange rate for the Canadian dollar is Can$1.08 and the six-month forward rate is Can$1.06. a. Which is

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value Suppose the spot exchange rate for the Canadian dollar is Can$1.08 and the six-month forward rate is Can$1.06. a. Which is worth more, a U.S. dollar or a Canadian 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$2.94? (Do not round Cost in U.S dollar 2 454 to to Refe

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