Chat Window Help A 90% O Sun 6:4 Question 3 3 pts You live and work in Australia and plan on sending your child to study in Europe in 15 years' time. The desired school will provide the desired education in return for a payment of 500,000 Euro in 15 years. You are concerned that if you save in an Australian dollar-denominated bank account, the Australian dollar might lose value relative to the Euro in future years. The current exchange rate is $1.50 Australian for 1 Euro. There are no transactions costs. The continuously compounded interest rate on a 15-year default-free Australian dollar-denominated bonds is 0.5% per annum. The continuously compounded interest rate on 15-year default-free Euro- denominated bonds is 0.2% per annum. What will be the Australian dollar forward price to be paid in 15 years' time in return for 500,000 Euro to be received in 15 years' time Exn