What would be the three month forward exchange rate

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The spot rate between the U.S dollar and the New Zealand dollar is $1= NZ1.3376. Assume the interest rate in the United States is 8 percent and in New Zealand is 4 percent. What would be the 3 month forward exchange rate? (do not round intermediate calculations. Round your answer to 4 decimal places) Forward exchange rate----- per NZD.

Reference no: EM131866074

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