b) (3 marks) Current exchange rates, 6 month forward exchange rates and risk free interest rates are as follows: Spot Fwd Spot Fwd Per C$ Per C$ Per US$ Per US$ Australian Dollars 1.23901 1.22891 1.48038 1.47065 British Pounds 0.535174 0.5456 0.639427 0.6495 Canadian Dollars 1.00 1.00 1.1948 1.2231 Euro 0.655924 0.64993 0.783699 0.7811 Suppose interest rate parity holds. If the current six-month risk-free rate in Britain is 4.4%, what must the six-month risk-free rate be in Canada? (***Carry all decimal places for interim calculations, round final answers to 4 places.***)