International Fisher Effect 5. You observe that the inflation rate in the United States is 0.62 percent per year and that T-bills currently yield 2.66 percent annually. Using the approximate international Fisher effect, what do you estimate the inflation rate to be in Australia if short-term Australian government securities yield 3.23 percent? 6. You observe that the inflation rate in the United States is 1.1 percent per year and that T-bills currently yieid 1.6 percent annually. Use the approximate international Fisher effect to answer the following questions. a. What do you estimate the inflation rate to be in Australia, if short-term Australian government securities yield 6 percent per year? b. What do you estimate the inflation rate to be in Canada, if short-term Canadian government securities yieid 9 percent per year? c. What do you estimate the inflation rate to be in Taiwan, if short-term Taiwanese government securities yield 11! percent per year