A bank has received a request from its client for a forward


A bank has received a request from its client for a forward quote on USD/AUD, the current spot rate is 1.1647. Assuming the 3 month USA benchmark rate is 0.24% and in Australia is 2.0%, calculate the forward swap point.

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Engineering Mathematics: A bank has received a request from its client for a forward
Reference No:- TGS01590066

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