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Spot yen is 100 yen/$. One year US interest rates are 0.049 and one year Japanese interest rates are 0.011. If there was a futures
Spot yen is 100 yen/$. One year US interest rates are 0.049 and one year Japanese interest rates are 0.011. If there was a futures contract in Japanese yen that matured exactly one year from today, what $/yen futures price should you expect to find on the exchange. Please give your answer to six decimal places but do not put in any currency symbols.
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