Assume that interest rate parity $($IRP$)$ exists, along with the following information: Spot rate of British pound $=$ $$1\mathrm{.}806-$month forward rate of pound $=$ $$1\mathrm{.}8012-$month forward rate of pound $=$ $$1\mathrm{.}82$Is the annualized $6-$month U$.$S$.$ risk$-$free interest rate above, below, or equal to the British risk$-$free interest rate?The $6-$month U$.$S$.$ risk$-$free interest rate must be the $6-$month British risk$-$free interest rate.Is the $12-$month U$.$S$.$ risk$-$free interest rate above, below, or equal to the British risk$-$free interest rate?The $12-$month U$.$S$.$ risk$-$free interest rate must be the $12-$month British risk$-$free interest rate.