You work for a bank, and a corporate customer comes to the bank to hedge the $150$ Million receivable due in $6$ months. The following information shows up on your screen:

Spot exchange rate: $\frac{111\mathrm{.}55}{\text{\$}}-\frac{112\mathrm{.}35}{\text{\$}}$

US interest rates are $5\mathrm{.}3\%$ for investing and $6\mathrm{.}5\%$ for borrowing.

JPY interest rates are $0\mathrm{.}5\%$ for investing and $1\mathrm{.}5\%$ for borrowing.

Please remember: Interest rates are quoted as annualized rate.

The bank that you work for demands a $0\mathrm{.}5\%$ profit margin for all forward contract. How much is the forward quotation that you will provide to your corporate customer. $($Your answer should include both an effective forvard exchange rate and the final $ amount$).(20$ points$)$