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Consider a futures contract to buy 1 million AUD for 750,000 USD in 8 months. The riskfree rates in the US and Australia are 3%

Consider a futures contract to buy 1 million AUD for 750,000 USD in 8 months. The riskfree rates in the US and Australia are 3% and 1% respectively. What should be a fair futures price in this contract? Suppose that the futures price observed in the market is 0.8 USD/AUD. What should be an arbitrage strategy in the market?

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