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Suppose the spot price of one FJD is 2.5641 Australian Dollars. The interest rate in Australia is i = 6% and the interest rate in

Suppose the spot price of one FJD is 2.5641 Australian Dollars. The interest rate in Australia is i = 6% and the interest rate in the New Zealand is i * = 3.5%. The forward exchange rate implied by interest rate parity (IRP) condition is? Explain your answer.

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