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Assume that one-year interest rates are 4.42% in Australia and 5.25% in the euro zone. The spot rate between the euro and the dollar is

Assume that one-year interest rates are 4.42% in Australia and 5.25% in the euro zone. The spot rate between the euro and the dollar is 0.9672/A$. Assuming that interest parity holds, what should the /$ exchange rate be one year from now? (Express answer to 4 decimal places)

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