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The spot rate between the US dollar and the New Zealand dollar is $1-NZD1.3382 Assume the interest rate in the United States is 8 percent

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The spot rate between the US dollar and the New Zealand dollar is $1-NZD1.3382 Assume the interest rate in the United States is 8 percent and in New Zealand is 4 percent What should be the 3-month forward exchange rate? (Do not round intermediate calculations. Round your answer to 4 decimal places.) orward exchange rate per INZD

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