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The spot exchange rate between Australia and Singapore is AUD 1.00 = SGD 0.93. Interest rates in Australia and Singapore are 3% and 5% respectively.

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The spot exchange rate between Australia and Singapore is AUD 1.00 = SGD 0.93. Interest rates in Australia and Singapore are 3% and 5% respectively. What is the fair forward price for a contract expiring in 5 months time? That is, AUD 1.00 = SGD ? Round your answers to 4 decimal places or you will be incorrect

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