Calculate forward quotes for the canadian dollar


The following outright foreign exchange rate quotations are given for the Canadian dollar (CD):

                                             Bid                                      Ask

Spot rate                        CD 1.3000/$                       CD 1.3100/$

3-month forward rate    CD 1.3500/$                        CD 1.3600/$

Assume you are in the United States. Calculate forward quotes for the Canadian dollar as annual premium or discount.

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Finance Basics: Calculate forward quotes for the canadian dollar
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