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How do I solve this using this formula?


The Spot Exchange Rate (R) between the British Pound and the Japanese Yen is Y190.00/L

The Six Month foward rate (F) is Y199.0476/L

British six-month government bonds offer an interest rate of 5%

Assuming that the global finaincial markets are perfectly efficent, what interest rate should Japanese six-month government bonds be offering? Using this formula:
1+i=(1/R)(1+i*) F=(1+i*)(F/R)

(i= domestic int rate; i*=foreign int rate)