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You expect the AUD will depreciate over the next year (i.e., lose value over the next year) and you have 10,000 AUD to invest. How
You expect the AUD will depreciate over the next year (i.e., lose value over the next year) and you have 10,000 AUD to invest. How many USD can you buy today?
The spot rate is AUD/USD 0.6992/93
If the rate in one year is AUD/USD 0.7332/34
What would you net profit or loss have been?
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