The Spot Exchange Rate for Canadian Dollar(C$) Is U

question 97

Multiple Choice

The spot exchange rate for Canadian Dollar(C$) is U.S.$0.68/C$.The six-month interest rate in U.S.is 2.5% and 3.0% in Canada.What is the six-month forward rate for Canadian Dollar?

• A)U.S.$0.6734/C$
• B)U.S.$0.6767/C$
• C)U.S.$0.6833/C$
• D)U.S.$0.6866/C$

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