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An investor deposits $1,000 AUD while the spot rate for AUD/USD (AUD per USD) is 0.8000. If the annual interest rates for Australia and the

An investor deposits $1,000 AUD while the spot rate for AUD/USD (AUD per USD) is 0.8000. If the annual interest rates for Australia and the U.S. are 1% and 2% respectively, what is the fair forward rate?

0.8066

0.8079

0.7912

0.7962

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