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Question11 A dealer at Credit Suisse is quoting a spot rate of AUD/USD of 0.6912 - 56 and the nine-month forward points are 17 to 29. (a) What is the nine-month forward bid rate for the AUD/USD currency pair? [2 marks] [input] Your response must be entered as a numerical value with 4 decimal places and excluding the dollar sign ($). Maximum marks: 2 Flag question undefined
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The question provides a spot quote for AUD/USD as a bid-ask pair: 0.6912 - 56, where 0.6912 is the bid (how much USD you receive per AUD when selling AUD) and 0.6956 would be the ask. Forward points for nine months are quoted as 17 to 29, which ar......Login to view full explanationLog in for full answers
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