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Interest Rate Parity The nominal yield on 6-month T-bills is 8%, while default-free Japanese bonds that...

Interest Rate Parity The nominal yield on 6-month T-bills is 8%, while default-free Japanese bonds that mature in 6 months have a nominal rate of 6%. In the spot exchange market, 1 yen equals $0.011. 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.

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE| 0 = = = = = 3 g W ? v 1 ENG 05:13 16-02-2020 26 YR442 vQ YR rs YT YU W rw XX w EZ ZA 435 436 437 FORWARD EXCHANGE RATE = FO

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