Problem:
Use the following data in your responses to the remaining questions:
Selling Quotes for Foreign Currencies in New York
Canada's dollar Spot .8450
30-day .8415
90-day .8390
Japan's yen Spot .004700
30-day .004750
90-day .004820
Switzerland's franc Spot .5150
30-day .5182
90-day .5328
Q1. Compute the indirect quote for the spot and forward Canadian dollar contract.
Q2. Compute the Canadian dollar/yen spot rate from the data in the preceding table