3 and 5. In order to determine if Interest Rate Parity (iRP) exists between the U.S. and South Korea NOW, you will need to compare the current size of the forward-spot differential, to the size of the current interest rate differential between the U.S. and SK ount in ore Question 2- If not, do you think that the size of the discrepancy allows for Covered Interest Arbitrage (CIA), or is it due to transactions costs and data limitations? Make a choice and Explain your rationale