A U.S. investor obtains euros when the euro is worth $1.2000/ and invests in a one-year money market security that provides a yield of 2 percent annually (in euros). At the end of one year, the investor converts the euro proceeds from the investment back to dollars at the prevailing spot exchange rate of $1.2500/. How many percent is the effective yield for the U.S. investor in U.S. dollar terms. (Note: Use the exact method). Round your answer to two decimal places