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Assume that interest rate parity exists. You expect that the three-year nominal interest rate in the U.S. is 8%, while the three-year nominal interest rate

Assume that interest rate parity exists. You expect that the three-year nominal interest rate in the U.S. is 8%, while the three-year nominal interest rate in Australia is 6%. The spot rate of the Australian dollar is $.60. How much the forward rate?

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