The following outright foreign exchange rate quotations are, Ask an Expert

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

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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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