Quantitative Problem: Assume that interest rate parity holds. In the spot market 1 Japanese yen = $0.013, while in the 180-day forward market 1 Japanese yen = $0.0135. 180-day risk-free securities yield 1.5% in Japan. What is the yield on 180-day risk-free securities in the United States? Do not round intermediate calculations. Round your answer to two decimal places. 9.45 % Hide Feedback Partially Correct Check My Work Feedback Realize that you will be using the interest parity equation. The exchange rates need to be given in terms of the amount of currency received per unit of foreign currency. The problem gives the nominal annual rate for 6-month Japanese risk-free securities, so you need to put everything on a semiannual basis. Don't forget to specify the semiannual rate on Japanese securities as a decimal then add 1 to arrive at 1 + rf. Substitute numbers into the equation. Multiply the number to arrive at the nominal annual rate for U.S. risk-free securities