Interest Rate Parity Assume that interest rate parity holds. In both the spot market and the 90 -day forward market, 1 Japanese yen equals 0.009 dollar. In Japan, 90 -day risk-free securities yield 4%. What is the yield on 90 -day risk-free securities in the United 5 tates? Do not round intermediate calculations. Round your answer to two decimal places. % Interest Rate Parity Assume that interest rate parity holds. In both the spot market and the 90 -day forward market, 1 Japanese yen equals 0.009 dollar. In Japan, 90 -day risk-free securities yield 4%. What is the yield on 90 -day risk-free securities in the United 5 tates? Do not round intermediate calculations. Round your answer to two decimal places. %