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19-10. Assume that interest rate parity holds. In the spot market 1 Japanese yen= $0.00982, while in the 90-day forward market 1 Japanese yen= $0.00983.

19-10. Assume that interest rate parity holds. In the spot market 1 Japanese yen= $0.00982, while in the 90-day forward market 1 Japanese yen= $0.00983. In Japan, 90-day risk-free securities yield 2%. What is the yield on 90-day risk-free securities in the United States?

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