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The spot exchange rate for US and Japan is quoted as 105.33 ( per $). The US continuously compounded risk-free rate is 1.00%. Japan's continuously

The spot exchange rate for US and Japan is quoted as 105.33 ( per $). The US continuously compounded risk-free rate is 1.00%. Japan's continuously compounded risk-free rate is 0.15%.

Calculate the 5-month forward exchange rate.

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