Assume that interest rate parity holds. In both the spot market and the $90-$day forward market, $1$ Japanese yen equals $0\mathrm{.}0094$ dollar. In Japan, $90-$day risk$-$free securities yield $4\mathrm{.}2\%.$ 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.

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