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Assume that 1 year interest rates (in decimal places) in Australia and the U.S.A. are 0.032 and 0.025 respectively. The spot exchange rate is
Assume that 1 year interest rates (in decimal places) in Australia and the U.S.A. are 0.032 and 0.025 respectively. The spot exchange rate is 0.714 USD/AUD. The forward exchange rate is:
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International financial management
Authors: Jeff Madura
9th Edition
978-0324593495, 324568207, 324568193, 032459349X, 9780324568202, 9780324568196, 978-0324593471
