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QUESTION 8 The current US interest rate is 4.6% per annum (compounded annually). The interest rate in Australia is 9.1% per annum. The current spot

QUESTION 8

The current US interest rate is 4.6% per annum (compounded annually). The interest rate in Australia is 9.1% per annum. The current spot rate is USD0.75/AUD. What is the implied 90-day forward rate in USD/AUD terms? (Input only numbers as your answer. Round your answer to four decimal places.)

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