A bank purchases a six$-$month $$4$ million Eurodollar deposit at an interest rate of $7\mathrm{.}6$ percent per year. It invests the funds in a six$-$month Swedish krona bond paying $8\mathrm{.}6$ percent per year. The current spot rate of U$.$S$.$ dollars for Swedish krona is $$0\mathrm{.}1800/$SKr$.$

a$.$ The six$-$month forward rate on the Swedish krona is being quoted at $$0\mathrm{.}1810/$SKr$.$ What is the net spread earned for six months on this investment if the bank covers its foreign exchange exposure using the forward market?

b$.$ At what forward rate will the spread be only $1$ percent per year?

$($For all requirements, do not round intermediate calculations. Round your answers to $4$ decimal places. $($e$.$g$.,32\mathrm{.}1616))$