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Consider two government securities - one issued in HKD in Hong Kong and the other issued in Australia. Assume that both government securities are one-year

Consider two government securities - one issued in HKD in Hong Kong and the other issued in Australia. Assume that both government securities are one-year bonds - paying the face value of the bond one year from now and have no risk of default. The face values and prices on the two bonds are given by:

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