You can buy or sell the yen spot at Y102 to the dollar. You can buy or sell the yen 1 year forward at Y104 to the dollar. If U.S. annual interest rates are 4%, what must be the approximate one year Japanese interest rate if interest rate parity holds d
A) 5.92%
B) 3.20%
C) 2.75%
D) 4.73%
E) 6.80%