16. Short-term interest rates in Australia and the United States are 1% and 3% respectively....
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16. Short-term interest rates in Australia and the United States are 1% and 3% respectively. The cur- rent exchange rate is AUD $1.0757 per US dollar. Suppose a forward exchange rate of 1,0500 AUD per U.S. dollar, could you profit from an arbitrage?
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