Question: The present exchange rate is AUD$ = U.S. $0.78. The 1-year future rate is AUD$ = U.S. $0.76. The yield on a 1- year U.S.

The present exchange rate is AUD$ = U.S. $0.78. The 1-year

The present exchange rate is AUD$ = U.S. $0.78. The 1-year future rate is AUD$ = U.S. $0.76. The yield on a 1- year U.S. treasury bill is 4%. Calculate the guaranteed return that an Australian investor can generate by investing in the U.S. treasury bill. Select one: a. 4% b. 6.4% O c. 2.4% od 1.3% X e. 6.7%

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