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Australia and New Zealand are trading partners over the long term. In November 2021, you observed that the 3-month bid and offer interest rate in

Australia and New Zealand are trading partners over the long term. In November 2021, you observed that the 3-month bid and offer interest rate in Australia is 2.37% and 2.45%, respectively. Meanwhile, the 3-month bid and offer interest rate in New Zealand is 3.33% and 3.37%, respectively. The current exchange rate AUD/NZD is 1.0465 - 1.0479. Assume 90 days for the 3-month periods and 360 days in a year, and please round your answer to 4 decimal places. a) Calculate the 3-month bid forward exchange rate: b) Calculate the 3-month offer forward exchange rate:

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