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Six-month t-bills have a nominal rate of 7 while

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Six-Month t-bills have a nominal rate of 7%, while default-free Japanese bonds that mature in 6 months have a nominal rate of 5.5%. In the spot exchange market, 1 yen equals$0.009. If interest rate parity holds, what is the 6 month forward exchange rate?

Reference no: EM13569381

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