An American investor is considering investing $1,000 in default-free 90-day Japanese bonds that promise a 5% annual nominal return. The spot exchange rate is yen 101.12 per dollar. middotThe 90-day forward exchange rate is yen 100.25 per dollar. The investor's annualized return on these bonds-if he or she can lock in the dollar return by selling the foreign currency in the forward market-will be ____