Question
The 120-day AUD interest rate is 2.50% p.a., and the 120-day NZD interest rate is 1.80% p.a. According to CIP, ____________ for delivery in 120
The 120-day AUD interest rate is 2.50% p.a., and the 120-day NZD interest rate is 1.80% p.a. According to CIP, ____________ for delivery in 120 days.
a.
the AUD is trading at 2.36% discount to the NZD
b.
the NZD is trading at 2.36% discount to the AUD
c.
the AUD is trading at 2.36% premium to the NZD
d.
the NZD is trading at 2.36% premium to the AUD
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Fundamentals Of Futures And Options Markets
Authors: John C. Hull
4th Edition
0130176028, 9780130176028
