International Fisher Effect Assignment (15 points) Due: By 6:00 PM, August 7th, 2018, CDT by eCollege DropBox Name: CWID: . (4 Points) You are given the following information: US.snaFrance 1596 : Japan??? Nominal one year interest rate Spot rate 9% 8% $0.010 Interest rate parity exists between the U.S. and France as well as the U.S. and Japan. The international Fisher effect exists between the U.S. and France as well as the U.S Bill (based in the U.S.) invests in a one-year CD (certificate of deposit) in Japan and sells Japanese Yen one year forward t Brica (based in Japan) invests in a one-year CD in France and does not cover her o cover his position position. What are the returns on funds inves exchange rate between euro and Japanese Y ted for Bill and Erica respectively? Please justify th in terms of theory and calculations. (Hint: You can get the en from their respective rate to USD) clearly label your return calculations, i.e., the investment return for Bill and Erica respectively