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The spot exchange rate between USD and AUD is 0.

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The spot exchange rate between USD and AUD is 0.70. The risk free interest rates in the US and Australia are 2% and 3.5% respectively. What is the forward exchange rate between the two currencies one year hence?

A.

0.7103

B.

0.6899

C.

1.4495

D.

1.4079

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