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Assume interest rate parity holds. The one-year risk-free rate in the U.S. is 4.82 percent and the one-year risk-free rate in Japan is 5.20 percent.

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Assume interest rate parity holds. The one-year risk-free rate in the U.S. is 4.82 percent and the one-year risk-free rate in Japan is 5.20 percent. The spot rate between the Japanese yen and the U.S. dollar is 116.43/$. What is the one-year forward exchange rate

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