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A Japanese investor can earn a 4.3 percent annual interest rate in Japan or about 1.7 percent per year in the United States. If the

A Japanese investor can earn a 4.3 percent annual interest rate in Japan or about 1.7 percent per year in the United States. If the spot exchange rate is 6.6 yuan to the dollar, at what one-year forward rate would an investor be indifferent between the U.S. and Japan investments?

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