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The following data are given: E_t = yen 115 = $1.00 E_t+1 = yen 107 = $1.00 i_U.S. = 12% If the interest parity condition

The following data are given: E_t = yen 115 = $1.00 E_t+1 = yen 107 = $1.00 i_U.S. = 12% If the interest parity condition is expected to hold, interest rates in Japan should equal %

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