Aussie Dollar Forward. Use the following spot and forward bid-ask rates for the U.S. dollar/Australian dollar (US$
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Aussie Dollar Forward. Use the following spot and forward bid-ask rates for the U.S. dollar/Australian dollar (US$ = A$1.00) exchange rate from December 10, 2010, to answer the following questions:
a. What is the midrate for each maturity?
b. What is the annual forward premium for all maturities based on the mid-rates?
c. Which maturities have the smallest and largest forward premiums based on the mid-rates?
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Related Book For 
Multinational Business Finance
ISBN: 9781292097879
14th Global Edition
Authors: David Eiteman, Arthur Stonehill, Michael Moffett
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