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Suppose that the two-year interest rates in Australia and the United States are 5% and 7%, respectively. The spot exchange rate is 0.62 USD (US

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Suppose that the two-year interest rates in Australia and the United States are 5% and 7%, respectively. The spot exchange rate is 0.62 USD (US dollars) per AUD (Australian dollars). Suppose that the two-year forward exchange rate quoted by Trader A is 0.68 USD per AUD, is this forward rate too low or too high? Explain your

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