Interest Rate Parity Assume that interest rate parity holds and that 90 -day risk-free securities yield 5% in the United States and 5.6% in Germany. In the spot market, 1 euro equals $1.41. 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 forward rate is trading at a relative to the spot rate