Quantitative Problem: Assume that interest rate parity holds. In the spot market 1 Japanese yen...
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Quantitative Problem: Assume that interest rate parity holds. In the spot market 1 Japanese yen - $0.010, while in the 180 day forward market 1 Japanese yen - $0.0102, 180 day risk free securities yield 1.75% in Japan. What is the yield on 180 day risk-free securities in the United States? Do not round intermediate calculations. Round your answer to two decimal places
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