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Interest Rate Parley The nominal yield on 6 -month T-bills is 8%, while default-free Japanese bonds that mature in 6 months have a nominal rate
Interest Rate Parley The nominal yield on 6 -month T-bills is 8%, 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? Do not round intermed ate calculations. Round your answer ta five decimal places
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