Question: Given 112.78 JPY = 1 USD, the JPY interest rate is 2% p.a., and the USD interest rate is 4% p.a., find the 6-month forward

Given 112.78 JPY = 1 USD, the JPY interest rate is 2% p.a., and the USD interest rate is 4% p.a., find the 6-month forward rate in JPY/USD using the capital market convention adopted by the textbook.

Group of answer choices 110.61 111.69 .009041 .008953

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