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A Japanese investor can earn a 1 percent annual interest rate in Japan or about 4.1 percent per year in the United States. If the

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A Japanese investor can earn a 1 percent annual interest rate in Japan or about 4.1 percent per year in the United States. If the spot exchange rate is 101 yen to the dollar, at what one-year forward rate would an investor be indifferent between the U.S. and Japanese investments? 95.99 b. 96.99 c. 97.99 d 98.99 e. 99.99 100.999 101.99 h. 102.99 yens per dollar

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