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Six - month T - bills have a nominal rate of 3 % , while default - free Japanese bonds that mature in 6 months
Sixmonth Tbills have a nominal rate of while defaultfree Japanese bonds that mature in months have a nominal rate of In the spot exchange market, yen equals $ If interest rate parity holds, what is the month forward exchange rate? Do not round intermediate calculations. Round your answer to six decimal places.
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