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9. The spot and 60-day forward rates for the Australian dollar are S. 3075 and S.3120 respectively. The Australian dollar is said to be selling

9. The spot and 60-day forward rates for the Australian dollar are S. 3075 and S.3120 respectively. The Australian dollar is said to be selling at a forward

a. premium of 8. 78%

b. premium of 17.56%

c. discount of 6.39%

d. discount of 15.10%

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