If the interest rate in the United Kingdom is 9 percent, the interest rate in the United States is 7 percent, the spot exchange rate is $1.25/1, and interest rate parity holds, what must be the oneyear forward exchange rate? $1.46/1$1.23/1$1.07/1$1.27/1 If the interest rate in the United Kingdom is 9 percent, the interest rate in the United States is 7 percent, the spot exchange rate is $1.25/1, and interest rate parity holds, what must be the oneyear forward exchange rate? $1.46/1$1.23/1$1.07/1$1.27/1