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Interest Rate Parity Assume that interest rate parity holds. In both the spot market and the 90 -day forward market, 1 Japanese yen equais 0.0093

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Interest Rate Parity Assume that interest rate parity holds. In both the spot market and the 90 -day forward market, 1 Japanese yen equais 0.0093 dollar. In Japan, 90 -day riskfree securities yield 4.3%. 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 piaces

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