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Suppose that the U.S interest rate is 5% this year. The spot exchange rate quotes at 112.5 and the forward rate for one-year contract is

Suppose that the U.S interest rate is 5% this year. The spot exchange rate quotes at 112.5 and the forward rate for one-year contract is 110.83. What is the Japanese interest rate? O a 1.8%. O b. None of the above. O c. 3.5% O d. 6.5%

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