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If spot AUD/USD is quoted to you as 1.

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If spot AUD/USD is quoted to you as 1.0420-25 and 1-month forward AUD/USD is quoted to you as 28/23, at what rate can you buy USD 1-month outright?

A.

1.0448

B.

1.0402

C.

1.0397

D.

1.0392

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TESTED 18 Aug 2025