Interest Rate Parity Assume that interest rate parity holds and that 90 -day risk-free securities yield 6% in the United States and 6.6% in Germany. In the spot market, 1 euro equals $1.31. What is the 90-day forward rate? Do not round intermediate calculations. Round your answer to four decimal places. $ Is the 90-day forward rate trading at a premium or discount relative to the spot rate? The 90 -day fonward rate is trading at a relative to the spot rate. Interest Rate Parity Assume that interest rate parity holds and that 90 -day risk-free securities yield 6% in the United States and 6.6% in Germany. In the spot market, 1 euro equals $1.31. What is the 90-day forward rate? Do not round intermediate calculations. Round your answer to four decimal places. $ Is the 90-day forward rate trading at a premium or discount relative to the spot rate? The 90 -day fonward rate is trading at a relative to the spot rate