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(Interest rate parity) On August 8th the three-month risk-free rate of interest in the United States was 3.25 percent and it was 2.25 percent in

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(Interest rate parity) On August 8th the three-month risk-free rate of interest in the United States was 3.25 percent and it was 2.25 percent in Japan. If the spot exchange rate were $0.010798%, what would you expect the forward exchange rate to be? The expected 3-month forward exchange rate should be $yen (Round to six decimal places.) 27

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