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The 120-day AUD interest rate is 2.40% p.a., and the 120-day JPY interest rate is 0.50% p.a. According to CIP, ____________ for delivery in 120
The 120-day AUD interest rate is 2.40% p.a., and the 120-day JPY interest rate is 0.50% p.a. According to CIP, ____________ for delivery in 120 days.
a. the AUD is trading at 5.67% discount to the JPY
b.the JPY is trading at 5.67% premium to the AUD
c.the JPY is trading at 5.67% discount to the AUD
d.the AUD is trading at 5.67% premium to the JPY
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