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The spot rate between the Japanese yen and the U.S. dollar is 108.39/$, while the one-year forward rate is $108.70/$. The one-year risk-free rate in

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The spot rate between the Japanese yen and the U.S. dollar is \108.39/$, while the one-year forward rate is $108.70/$. The one-year risk-free rate in the U.S. is 2.95 percent. If interest rate parity exists, what is the one- year risk-free rate in Japan? Multiple Choice o 2.88% o 3.24% o 2.66% o 2.49% o 2.32%

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