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Suppose you are trading currency options on 10 Dec 2021. The current exchange rate between AUD and USD is 0.625 USD per AUD. The Australian

Suppose you are trading currency options on 10 Dec 2021. The current exchange rate between AUD and USD is 0.625 USD per AUD. The Australian risk-free interest rate is 1.5% per annum and the US risk-free interest rate is 1% per annum a) What is the current forward USD/AUD exchange rate with a maturity of three-month in March? (6 marks)

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