Interest Rate Parity

Assume that interest rate parity holds. In both the spot market and the $90-$day forward market, $1$

Japanese yen equals $0\mathrm{.}0089$ dollar. In Japan, $90-$day risk$-$free securities yield $4\%.$ 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.

$\%$Assume that interest rate parity holds. In both the spot market and the $90-$day forward market, $1$ Japanese yen equals $0\mathrm{.}0089$ dollar. In Japan, $90-$day risk$-$free securities yield $4\%.$ 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.