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A Japanese investor can earn a 3 percent annual interest rate in Japan or about 5.5 percent per year in the United States. If the

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A Japanese investor can earn a 3 percent annual interest rate in Japan or about 5.5 percent per year in the United States. If the spot exchange rate is 0.5 dollar per yen, at what one-year forward rate would an investor be indifferent between the U.S. and Japanese investments

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