Question: The direct spot quotation is 0 . 8 8 0 0 1 dollar per Swiss franc The direct 1 8 0 - day forward quotation

The direct spot quotation is 0.88001 dollar per Swiss franc
The direct 180-day forward quotation is 0.89153
The foreign interest rate is 0.030 annually or 0.030/2 semiannually.
What is the semiannual interest rate in the home country if IRP holds?
NOTE: Enter your answer with three decimal places and no percent sign. If your answer is 1.2468% or 0.012468, enter 1.247

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