Question: Using the following exchange rates between US$ and Australian $, calculate annual forward premium/discount. Period Spot 1 month 5 months 11 months Exchange Rate

Using the following exchange rates between US$ and Australian $, calculate annual forward premium/discount. Period Spot 1 month 5 months 11 months Exchange Rate ($/) 1.2200 1.2215 1.2223 1.2261 The 11-month forward premium/discount is at least two decimal numbers.) % (Please keep the sign and

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