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Assume interest rate parity holds. The one-year risk-free rate in the U.S. is 3.54 percent and the one-year risk-f is 3.90 percent. The spot rate
Assume interest rate parity holds. The one-year risk-free rate in the U.S. is 3.54 percent and the one-year risk-f is 3.90 percent. The spot rate between the Japanese yen and the U.S. dollar is 113.07/$. What is the one-year exchange rate? (enter just the numbers, e.g., enter 95.65 for 95.65/$ )
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