1.

Suppose that the interest rate on a dollar-denominated bond is 1.10% and the interest rate on a euro-denominated bond is 2.61%.What is the value of the forward discount on the euro?

Enter your answer as a positive value, in percent terms, and round to the nearest hundredth.

2.

Suppose the British interest rate is 5.11%, the spot value of the pound is $1.51, and the forward value of the pound is $1.53.What is the U.S. interest rate implied by covered interest parity?

Round your answer to the nearest hundredth and enter it in percentage form.

3.

Suppose that the European interest rate is 3.22% and the value of the euro is expected to appreciate by 1.91% relative to the dollar.What is the U.S. interest rate implied by uncovered interest parity?

Enter your answer in percentage form and round to the nearest hundredth.