Problem 12 Intro The annual risk-free interest rate is 3% in the U.S. and 9% in Japan. The spot rate is $0.0096 per yen and the one-year forward rate is $0.009 per yen. Attempt 1/6 for 10 pts. Part 1 What is the no-arbitrage forward rato (in $ per yen)? 4+ decimals Submit Show all parts - Attempt 1/6 for 10 pts. Part 1 What is the no-arbitrage forward rate (in $ per yen)? 4+ decimals Submit Part 2 - Attempt 1/5 for 10 pts. Who can profit from covered interest arbitrage, and how? Ignore taxes and transaction costs. U.S. investors can profit by selling yen in the forward market. No one can profit from covered interest arbitrage. Japanese investors can profit by buying dollars in the forward market. U.S. investors can profit by buying yen in the forward market. Japanese investors can profit by selling dollars in the forward market. Submit