{4}2. If iUS =7%, i FOR=14%,ef=1.350, and transactions costs are 4%, what is the most that the current spot exchange rate could be (to the third decimal place, e.g., X.XXX) that would prevent covered interest arbitrage. As always: SHOW YOUR WORK. {4}2. If iUS =7%, i FOR=14%,ef=1.350, and transactions costs are 4%, what is the most that the current spot exchange rate could be (to the third decimal place, e.g., X.XXX) that would prevent covered interest arbitrage. As always: SHOW YOUR WORK