3. I write on a piece of paper: "I will pay, for sure, $100 to the bearer of this paper two years from today." The US treasury announces that the risk-free interest rate today is 5% per year. (a) How much are you willing to pay me for this piece of paper? (b) I offer the same piece of paper for sale in India (promising $100in local currency). Nobody is willing to offer me more than $80 (in local currency) for it. What does this tell you about interest rates in India