Considers a Mexican investor looking to invest in either Mexico or the United States. The 1-year interest rate on US dollar-denominated deposits is 1%. The 1-year interest rate on peso-denominated deposits is 3%. The current spot exchange rate Epeso/$ is 10, the one-year forward rate Fpeso/$ is 9.5. The covered return or net rate of return (in percentage) on the US deposits in terms of pesos when using a forward contract is __________.