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Quantitative Problemt Assume that interest rate parity holds. In the spot market 1 Japanese yen =50.009, while in the 180 -day forward market 1 Japanese

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Quantitative Problemt Assume that interest rate parity holds. In the spot market 1 Japanese yen =50.009, while in the 180 -day forward market 1 Japanese yen =$0.0094,180-day risk-free securities yleld 1.95% in Japan. What is the yield on 180 -day risk-free securities in the United 5 tates? Do not round intermediate calculations. Round your answer to two decimal places. %

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