5. The spot Euro-dollar exchange rate for US dollars is 0.85 and the eighteen month forward exchange rate is 0.88, both stated using the Euro as numeraire currency. The eighteen month interest rate for US dollar accounts is 3.2% per annum. What is the eighteen month interest rate of Euro-currency accounts? 6. A bond portfolio manager has a 20 million bond portfolio consisting of three bonds: 10 million invested in bond A, 5 million in bond B and 5 million in bond C. Bond A has a duration of 18 months; bond B has a duration of 45 months and bond C has a duration of 9 years. If interest rates increase by 25 basis points, what will be the approximate change in the value of the manager's portfolio