=+8 a The rate of interest available on a one-year government bond in Canada is 5 per

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=+8 a The rate of interest available on a one-year government bond in Canada is 5 per cent. A similar-risk bond in Australia yields 7 per cent. The current spot rate of exchange is C$1.02/AS. What will be the one-year forward rate if the market obeys the interest rate parity theory?

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