Forward premium: The spot rate on the Australian dollar (A$) is A$1.1667/$. The Australian dollar is quoted

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Forward premium: The spot rate on the Australian dollar

(A$) is A$1.1667/$. The Australian dollar is quoted at a 30-day forward premium of 4.90 percent against the U.S. dollar. What is the 30-day forward quote?

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JAPHETH KOGEI

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