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if you are a Japanese producer who sells in the US , you want a foreign exchange future without going through the futures market. So

if you are a Japanese producer who sells in the US , you want a foreign exchange future without going through the futures market. So you borrow money in dollars with an interest rate of 5% and immediately convert it to at a rate of 1 dollar to 100 yen . Then you put the money in a Japanese interest-bearing account with an interest rate of 10%. what is the forward exchange rate in this case

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