Suppose that you are the international treasurer of Apple with an extra U. S. $10 million to invest for 9 months. You are considering the purchase of U. S. T-bills that yield 1.50% annual rate. The spot exchange rate is $1.00 = ¥100, and the 9 month forward rate is $1.00 = ¥110. What must the interest rate in Japan be before you are willing to consider investing there for 9 months? A. 14.5515 B. 13.4983 D. 12.5050
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