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The nominal yield on 6 - month T - bills is 4 % , while default - free Japanese bonds that mature in 6 months
The nominal yield on month Tbills is 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 five decimal places.
$
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