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What is the 6-month forward exchange rate

Question: Six-Month T-Bills have a nominal rate of 7 %, while default-free Japanese bonds that mature in 6 months have a nominal rate of 5.5%. In the spot exchange market, 1 yen equals $0.009. If interest rate parity holds, what is the 6-month forward exchange rate?

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## Q : Find the expected present value of uncertain cash flows

Using an interest rate of 8 percent, find the expected present value of these uncertain cash flows.