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Interest rate parity PLEASE ROUND CORRECTLY AND FOLLOW WHAT THE PROBLEM SAYS THANKS Assume that interest rate parity holds. In both the spot market and

Interest rate parity PLEASE ROUND CORRECTLY AND FOLLOW WHAT THE PROBLEM SAYS THANKS

Assume that interest rate parity holds. In both the spot market and the 90-day forward market, 1 Japanese yen = 0.013 dollar. And 90-day risk-free securities yield 2.4% in Japan. What is the yield on 90-day risk-free securities in the United States? Round your answer to two decimal places.

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