Question: Please provide a detailed AND CORRECT answer to get an upvote. Assume the Canadian dollar currently trades at 1.3468 to the U.S. dollar. Further assume

Please provide a detailed AND CORRECT answer to get an upvote.

Assume the Canadian dollar currently trades at 1.3468 to the U.S. dollar. Further assume 6-month U.S. and Canadian Libor rates are 1.42% and 1.35%, respectively. Assuming a 6-month period of 184 days, this information implies the arbitrage free 6-month CAD/USD forward rate is: A. 1.3458 B. 1.3463 C. 1.3473 D. 1.3478

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