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Assume that interest rate parity holds. In both the spot market and the 90-day forward market, 1 Japanese yen equals 0.0095 dollar. in Japan, 90

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Assume that interest rate parity holds. In both the spot market and the 90-day forward market, 1 Japanese yen equals 0.0095 dollar. in Japan, 90 -day risk-free securitles yleld 4.8\%. What is the yield on 90 -day risk-free securities in the United States? Do not round intermediate calculations. Round your answer to two decimal ploces

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