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Assume interest rate parity holds. The one-year risk-free rate in the U.S. is 3.22 percent and the one-year riskfree rate in Japan is 3.60 percent.

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Assume interest rate parity holds. The one-year risk-free rate in the U.S. is 3.22 percent and the one-year riskfree rate in Japan is 3.60 percent. The spot rate between the Japanese yen and the U.S. dollar is 7112.23/$. What is the one-year forward exchange rate? (enter just the numbers, e.g.. enter 95.65 for 495.65/$ )

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