Assume the current U.S. dollar-Japanese Yen spot rate is 110/$. If the current nominal one-year interest rate in the U.S. is 4% and the comparable rate in Japan is 2%, what is the approximate forward exchange rate for 180 days? a. $107.89/ b. $112.16/ C. 112.16/$ d. 107.89/$

Assume the current U.S. dollar-Japanese Yen spot rate is 110/S. If the current nominal one-year interest rate in the U.S, is 4% and the comparable rate in Japan is 2%, what is the approximate forward exchange rate for 180 days? a. $107.89/4 b. $112.16/f c. 11216/$ d. 107.89/5