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Roo-Fusine wants to set up a new marketing campaign for its dog food business in 275 days To collect funds for the campaign, Roo-Fus can

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Roo-Fusine wants to set up a new marketing campaign for its dog food business in 275 days To collect funds for the campaign, Roo-Fus can invest in New Zealand (where it is headquartered), or it can Invest in Australia (where the CEO's aunt owns a bank) in New Zealand, annualised 275-day interest rates are currently 5,904% Alternatively, Roo-Fus can invest at an annualised 275-day interest rate of 2.736% in Australia, The current spot AUD/NZD exchange rate is AUD116/NZD It interest rate parity holds, what is the annualised forward premium or discount that the NZD should trade at (relative to the Australian dollar) in the 275-day forward market? Assume one year equals 360 days, and select the closest answer. 2.2.3705% b. 3.1031% O2,3156% -3.51639 -3.0313%

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