The price of a 1-year U.S. dollar-denominated call option on the Australian dollar with a strike price of $1.20 is $0.09972. The price of an otherwise equivalent put option is $0.22974. The annual continuously compounded U.S. interest rate is 7%. What is the 1-year U.S. dollar-Australian dollar forward price?

Selected Answer:	b. $0.9889/A$
Answers:	a. $1.0700/A$
	b. $0.9889/A$
	c. $1.0606/A$
	d. $1.0507/A$
	e. $1.0788/A$

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