please see the previous answers part, none of those were correct so far

Problem 8 A late penalty of 20% will apply to new answers. Intro Assume that the real interest rate is 1.5% in the U.S. and 1% in Japan. The annual nominal interest rate is 5.9% in the U.S. and 3.5% in Japan. Part 1 | Attempt 5/10 for 8 pts. What is the approximate expected percentage change in the exchange rate (measured in U.S. dollars per yen) according to the Fisher effect and purchasing power parity? |+ decimals Previous answers: 1.37%; 2.4%; .0240; 2.040 Submit