Assume that interest rate parity holds. In both the spot market and the 90-day forward market 1 Japanese yen equals 0.0088 dollar. In Japan, 90-day risk- free securities yield 4.4%. Assume 360 days per year. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. X Open spreadsheet 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 places. % L 2 Spot exchange rate, U.S. dollars required to 3 buy 1 Japanese yen 5 5 A B Interest Rate Parity 90-day forward rate, U.S. dollars required to buy 1 Japanese yen 4 90-day Japanese risk-free, nominal annual yield B D 0 1 2 3 Calculation of 90-day U.S. Securities Nom Using Interest Rate Parity Equation: 90-day U.S. risk-free, nominal annu G E $0.0088 $0.0088 4.40% LL F Formulas #N/A