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Supposed that the $/CAD spot bid-ask rates are $0.8250-$0.8270, and that the 3-month forward points...

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Supposed that the $/CAD spot bid-ask rates are $0.8250-$0.8270, and that the 3-month forward points are 15-25. (0) Infer the full quotation for $/CAD 3-month forward bid-ask rates [2 marks] (ii) In percentage form, calculate the bid-ask spread for the $/CAD spot rate above? [2 marks] (iii) You want to travel to Canada, and you exchange $1000 for CAD. After two days, you come back to the US without spending the money and want to exchange back the CAD to dollar. Assuming all the above rates remain the same, analyze how much dollar you would get back. [3 marks]

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