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.

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