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eBook Problem 17-02 Interest Rate Parity The nominal yield on 6-month T-bills is 5%, while default-free Japanese bonds that mature in 6 months have a

eBook Problem 17-02 Interest Rate Parity The nominal yield on 6-month T-bills is 5%, while default-free Japanese bonds that mature in 6 months have a nominal rate of 6%. In the spot exchange market, 1 yen equals $0.009. If interest rate parity holds, what is the 6-month forward exchange rate? Round the answer to five decimal places. Do not round intermediate calculations. $

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