Assume that the spot exchange rate between the US dollar and the sterling pound is E$$$ $=$

$0\mathrm{.}79,$ the annual forward exchange rate is F$$$ $=0\mathrm{.}82,$ while the UK annual interest rate equals

$5\mathrm{.}5\%.$

i$.$ Find the current US interest rate that satisfies the covered interest$-$rate parity

ii$.$ Using the annual US interest rate from $($i$)$ and considering that the UK government introduces

a tax t$=17\%$ on interest income from investing domestically, find the new annual forward

exchange rate F$*$$

$$

that satisfies the covered interest$-$rate parity on an after$-$tax basis.