What should be the proper futures price for a 1-year contract?
Consider the following:
A. 1.703 A$/$
B. 1.654 A$/$
C. 1.638 A$/$
D. 1.778 A$/$
E. 1.686 A$/$
B. 1.654 A$/$
1.03/1.04(1.67 A$/$) = 1.654 A$/$.
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