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On 1 January 2021, the following yields were quoted in the market: Security Rate Spot AUD/USD 1.8000 AUD per USD 1-year AUD zero 4.00% pa,

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On 1 January 2021, the following yields were quoted in the market: Security Rate Spot AUD/USD 1.8000 AUD per USD 1-year AUD zero 4.00% pa, cont 1-year USD zero 3.00% pa, cont Calculate the implied forward price for the USD as at 31 December 2021 a. 1.8181 b. 1.8540 C. 1.8720 d. 1.7827

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