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We have the spot rate for the Japanese Yens to be Y122 per $1. The nominal (riskless) rates in Japan and US are 0.04 and

We have the spot rate for the Japanese Yens to be Y122 per $1. The nominal (riskless) rates in Japan and US are 0.04 and 0.07 respectively. The forward rate is Y115 per $1. What nominal (riskless) rate of return for $ investments can an US investor earn by benefitting from the above rates?

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