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3. If the spot rate of the New Zealand dollar is $.6574 and the three-month forward rate of the NZS is $.6325, what is the

3. If the spot rate of the New Zealand dollar is $.6574 and the three-month forward rate of the NZS is $.6325, what is the forward premium or discount on an annual basis for NZ\$\$? Forward Premium on NZS Forward Discount on NZ\$ YesYesNoNo =

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