Due to the integrated nature of their capital markets, investors in both the United States and the U.K. require the same real interest rate, 2.5 percent, on their lending. There is a consensus in capital markets that the annual infiation rate is likely to be 3.5 percent in the United States and 1.5 percent in the U.K. for the next three years. The spot exchange rate is currently $1.50 per Required: a. Compute the nominal interest rate per annum in both the United States and the U.K., assuming that the Fisher effect hoids. b. What is your expected future spot dollar-pound exchange rate in three years from now? c. Can you infer the forward dollar-pound exchange rate for one-year maturity? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What is your expected future spot dollar-pound exchange rate in three years from now? Note: Do not round intermediate calculations. Round your answer to 4 decimal places