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4 Currency per U.S. $ Australia dollar Japan Yen UK Pound 6-months forward 6-months forward 6-months forward 1.2376 1.2357 100.3200 00.0600 6793 6780 10 points

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4 Currency per U.S. $ Australia dollar Japan Yen UK Pound 6-months forward 6-months forward 6-months forward 1.2376 1.2357 100.3200 00.0600 6793 6780 10 points Skipped Suppose interest rate parity holds, and the current risk-free rate in the United States is 3 percent per six months. Use the approximate interest rate parity equation to answer the following questions eBook Print References Requirement 1 What must the six-month risk-free rate be in Australia? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Risk-free rate Requirement 2: What must the six-month risk-free rate be in Japan? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Risk-free rate Requirement 3: What must the six-month risk-free rate be in Great Britain? (Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Risk-free rate

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