Suppose$+$the$+$spot$+$exchange$+$rate$+$for$+$the$+$Canadian$+$dollar$+$is$+$Can$$1\mathrm{.}41+$and$+$the$+$six$-$month$+$forward$+$rate$+$is$+$Can$$1\mathrm{.}47.$

Which$+$is$+$worth$+$more,$+$a$+$U$.$S$.+$dollar$+$or$+$a$+$Canadian$+$dollar?

Assuming$+$absolute$+$PPP$+$holds,$+$what$+$is$+$the$+$cost$+$in$+$the$+$United$+$States$+$of$+$an$+$Elkhead$+$beer$+$if$+$the$+$price$+$in$+$Canada$+$is$+$Can$$3\mathrm{.}50?$

Note:$+$Round$+$your$+$answer$+$to$+2+$decimal$+$places,$+$e$.$g$.,+32\mathrm{.}16.$

Is$+$the$+$U$.$S$.+$dollar$+$selling$+$at$+$a$+$premium$+$or$+$a$+$discount$+$relative$+$to$+$the$+$Canadian$+$dollar?

Which$+$currency$+$is$+$expected$+$to$+$appreciate$+$in$+$value?

Which$+$country$+$do$+$you$+$think$+$has$+$higher$+$interest$+$rates$$the$+$United$+$States$+$or$+$Canada?