The spot rate on the Canadian dollar is A$1 = C$1.23.Interest rates in Canada are expected to average 4.2 per cent while they are anticipated to be 3.3 per cent in Australia.What is the expected exchange rate three years from now?
A) C$1.2483
B) C$1.2108
C) C$1.2760
D) C$1.1971
E) C$1.2635
Correct Answer:
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