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The spot exchange rate between Australia and New Zealand is AUD 1.00= NZD 1.26. Interest rates in Australia and New Zealand are 4% and 7%

The spot exchange rate between Australia and New Zealand is AUD 1.00= NZD 1.26. Interest rates in Australia and New Zealand are 4% and 7% per annum respectively. Calculate the fair forward price for delivery of one NZD in 10 months time. Your answer will be expressed in terms of AUD. Give an answer to 4 decimal places

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