Check my werk Suppose that in 2023 one and two year interest rates are 5.3% in the United States and 19% in Japan. The spot exchange res M120.04/5. Suppose that one year later interest rates are 3% in both countries, while the value of the yen has appreciated to 114.94/5 a. Benjamin Pinkerton from New York invested in a U.S. two-year zero-coupon bond at the start of the period and sold it after one year What was his return? (Do not round Intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Benjamin Pinkerton's retum b. Madame Butterfly from Osaka bought some dollars. She also invested in the two-year U.S. zero-coupon bond and sold it after one year. What was her return in yen? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Butterfly's return in yon c. Suppose that Ms. Butterfly had correctly forecasted the price at which she sold her bond and that she hedged her investment What would have been her return in ven? (Do not round intermediate calculations. Enter your answer as a b. Madame Butterfly from Osaka bought some dollars. She also invested in the two year U.S. zero coupon bond and sold it after one year. What was her retum in yen? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal ploces.) Butlery's return in yon c. Suppose that Ms. Butterfly had correctly forecasted the price at which she sold her bond and that she hedged her investment against currency risk. What would have been her return in yen? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Butterfly's return in yen %