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  3. the nominal yield on 6-month t-bills is 6%, while

The nominal yield on 6-month T-bills is 6%, while default-free Japanese bonds that mature in...

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Accounting

The nominal yield on 6-month T-bills is 6%, while default-free Japanese bonds that mature in 6 months have a nominal rate of 4.5%. In the spot exchange market, 1 yen equals $0.01. If interest rate parity holds, what is the 6-month forward exchange rate? Round the answer to five decimal places. Do not round intermediate calculations.

Please do not copy others answers and pay attention to the actual numbers above. Thank you

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