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If the one-year forward rate of Australian dollar is $.64, while the spot rate is $.60, what is the expected percentage change in the Australian
If the one-year forward rate of Australian dollar is $.64, while the spot rate is $.60, what is the expected percentage change in the Australian dollar?
| A. | -3.45% | |
| B. | 7.33% | |
| C. | 5.00% | |
| D. | 6.67% |
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
