Using the excerpt below, calculate the one$-,$ three$-,$ and six$-$month forward premium or discount for the Canadian

dollar versus the U$.$S$.$ dollar using American term quotations $($see definition in the book$).$ For simplicity, assume each

moth has $30$ days. What is the interpretation of your results?

in US $ per US $

Canada dollar $0\mathrm{.}96291\mathrm{.}0385$

$1-$mos forward $0\mathrm{.}96281\mathrm{.}0386$

$3-$mos forward $0\mathrm{.}96241\mathrm{.}0391$

$6-$mos forward $0\mathrm{.}96141\mathrm{.}0401$