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Currently the spot exchange rate is $1.583 per pound (USD/GBP). The interest rate in the UK is 6%. The one-year forward exchange rate is $1.5200/GBP.

Currently the spot exchange rate is $1.583 per pound (USD/GBP). The interest rate in the UK is 6%. The one-year forward exchange rate is $1.5200/GBP. If interest rate parity holds, what must be the US interest rate for the same period? (Answer in % to the .1 basis point w/ no % needed--x.xxx)

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