The spot price on the Australian Dollar (AUD) is $0.664/1AUD and the 90 day Forward rate on
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The spot price on the Australian Dollar (AUD) is $0.664/1AUD and the 90 day Forward rate on the Australian Dollar is selling at an annualized 4% forward discount.
What is the 90 day Forward rate on the Australian Dollar?
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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