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Interest Rate Parity The nominal yield on 6-month. T-bills is 6%, while default-free Japanese bonds that mature in 6 months have a nominal rate of

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Interest Rate Parity The nominal yield on 6-month. T-bills is 6%, while default-free Japanese bonds that mature in 6 months have a nominal rate of 5.5%. In the spot exchange market, 1 yen equals $0.011. If interest rate parfty holds, what is the 6 -month forward exchange rate? Do not round intermediate calculationis. Round your answer to five decimal places

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