Assume that interest rate parity holds. In the spot market $1$ Japanese yen $=$ $$0\mathrm{.}0088800,$ while in the $90-$day forward market $1$ Japanese yen $=$ $$0\mathrm{.}0088847.$ In Japan, $90-$day risk$-$free securities yield $3\%.$ 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.