Question: The nominal yield on 6 -month T-bills is 7%, while default-free Japanese bonds that mature in 6 months have a nominaf rate of 4%, in

The nominal yield on 6 -month T-bills is 7%, while default-free Japanese bonds that mature in 6 months have a nominaf rate of 4%, in the spot exchange market, 1 yen equals $0.008. If interest rate parity holds, what is the 6 -month forward exchange rate? Do not round intermedlate calculations. Round your answee to five decimal pleces. $

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