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What is likely to be the forward exchange contract rate

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Question - You expect to receive USD 40m from sales in 6 months. If the AUD/USD spot rate today is 0.9000, with Australian and US interest rates at 6% pa and 1% pa respectively. What is likely to be the forward exchange contract (FEC) rate?

A. 0.9218

B. 0.8782

C. 0.9000

D. 0.8575

Reference no: EM133151270

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