Due to the integrated nature of their capiai makets, investors in both the United States and the UX., require the same real interest rate. 2.9 percent, on their lending. There is a consersus in capital markets that the annual infiation rate is fikely to be 3.9 percent in the United States and 1.9 percent in the UK. for the next three years. The spot exchange rate is currently $1.9/. a. Compute the nominal interest rate per annum in both the United States and the U.K., assuming that the Fisher effect holds. (Do not round intermediste calculations. Round your answer to 2 decimal places.) b. What is your expected future spot dollar-pound exchange rate in three yoars from now? (Do not round intermediate calculations. Pound your ancwer to 4 decimal places.) c. Can you infer the forward doliar-pound exchange rate for one-year maturity? (Do not round intermediate calculations. Round your answer to 4 decimal places.)