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The following data are given: Et = 115 = $1.00 Et+1 = 101 = $1.00 iU.S.= 15% If the interest parity condition is expected to

The following data are given:

Et = 115 = $1.00

Et+1 = 101 = $1.00

iU.S.= 15%

If the interest parity condition is expected to hold, interest rates in Japan should equal (enter your response here%). (Round your response to two decimal places.)

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