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The price of gold in the US is USD 1,163.70 per oz. and the price of gold in Australia is AUD 1,289.41 per oz. According

The price of gold in the US is USD 1,163.70 per oz. and the price of gold in Australia is AUD 1,289.41 per oz.

According to the law of one price, what should be the spot AUD per USD exchange rate?

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