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Question 19 Incorrect To celebrate the removal of travel restrictions, you decide to take a long overseas holiday to the US. You will travel around the US for 256 days. To fund your overseas trip, you decide to invest some money. Mark 0.00 out of 2.00 P Flag question You can invest in Australia, where annualised 256-day interest rates are currently 3.11%. Alternatively, you can convert your Australian dollars into USD at a current spot rate of AUDO.8154/USD and invest at an annualised 256-day interest rate of 6.82% in the US. If interest rate parity holds, what is the annualised forward premium or discount that the USD should trade at (relative to the Australian dollar) in the 256-day forward market? Assume one year equals 360 days. Select one: O a. -3.54% b. 3.63% X c. -2.52% O d. 2.58% O e. -2.89% The correct answer is: -3.54%