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Assume the following information: - Annual interest rate in the U.S. =0% - Annual interest rate in South Korea =0.5% - Korean won's spot exchange

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Assume the following information: - Annual interest rate in the U.S. =0% - Annual interest rate in South Korea =0.5% - Korean won's spot exchange rate =$.00086 If the interest rate parity holds, what's the 3 -month forward rate on Korean won

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