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Estimate the 30- day- 90- day and180-day forward premium

Estimate the 30-, 90-, & 180-day forward premium or discount for the Canadian dollar in European terms.

The formula we desire to employ is:

fN,$vCD    = [(FN(CD/$) - S(CD/$))/S(CD/$)] x 360/N

f30,$vCD   = [(1.4709 - 1.4715)/1.4715] x 360/30   = -.0049

f90,$vCD   = [(1.4694 - 1.4715)/1.4715] x 360/90   = -.0057

f180,$vCD  = [(1.4676 - 1.4715)/1.4715] x 360/180  = -.0053

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