Question: The current spot exchange rate allows one to exchange 1 for JPY 140. The 10-year UK spot interest rate is 1.5% and the 10-year spot

The current spot exchange rate allows one to exchange 1 for JPY 140. The 10-year UK spot interest rate is 1.5% and the 10-year spot rate in Japan is 0.1%. What is the no arbitrage value of the 10-year forward exchange rate of Sterling for Yen?

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