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Iustralia and New Zealand are trading partners over the long term. In November 2021, you observed that the 3-month bid and offer interest ate in
Iustralia and New Zealand are trading partners over the long term. In November 2021, you observed that the 3-month bid and offer interest ate in Australia is 2.4% and 2.48%, respectively. Meanwhile, the 3-month bid and offer interest rate in New Zealand is 3.47% and 3.51%, espectively. The current exchange rate AUD/NZD is 1.0471.0482. issume 90 days for the 3-month periods and 360 days in a year, and please round your answer to 4 decimal places. ) Calculate the 3-month bid forward exchange rate: ) Calculate the 3-month offer forward exchange rate
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