The nominal yield on 6-month T-bills is 7%, while default-free Japanese bonds that mature in 6 months have a nominal rat

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The nominal yield on 6-month T-bills is 7%, while default-free Japanese bonds that mature in 6 months have a nominal rat

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The nominal yield on 6-month T-bills is 7%, while default-free
Japanese bonds that mature in 6 months have a nominal rate of 4%.
In the spot exchange market, 1 yen equals $0.01. If interest rate
parity holds, what is the 6-month forward exchange rate? Do not
round intermediate calculations. Round your answer to five decimal
places.
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