Assume the Spot Rate for the Japanese Yen Currently Is

Assume the spot rate for the Japanese yen currently is ¥111.04 per $1.The 1-year forward rate is ¥111.62 per $1.Also assume a risk-free asset in Japan is currently earning 3.4 percent.If interest rate parity holds,approximately what rate can you earn on a 1-year risk-free U.S.security?

A) 4) 15%
B) 3) 08%
C) 2) 86%
D) 2) 46%
E) 3) 94%