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hello! looking for some help with this one thanks eBook Problem 17-02 Interest Rate Parity La The nominal yield on 6-month T-bills is 7%, while
hello! looking for some help with this one thanks
eBook Problem 17-02 Interest Rate Parity La The nominal yield on 6-month T-bills is 7%, while default-free Japanese bonds that mature in 6 months have a nominal rate of 6%. In the spot exchange market, 1 yen equals $0.007. 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. 7.4 Step by Step Solution
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