Suppose a company faces the following exchange and interest rates,
Spot rate: $0.9422-31/Can$
Forward rate (90 days): $0.9440-61/Can$
Canadian dollar 90-day interest rate (annualized): 4.71%−4.64%
U.S. dollar 90-day interest rate (annualized) ____
a) 4.64%−4.71%
b) 4.64%
c) 4.71%
d) Cannot be determined from the given information