Please answer a,b,c,d,e. All of it is part of one question.

1. (5 points) Suppose that $100 in a US dollar deposit account will become $102 after one year. At the same time, 100 euros in a euro deposit account will become 3.73%. Let the spot rate be $1.20 per euro and the 12-month forward rate $1.18 per curo. Suppose banks sell forward contracts without charging any fee. a. Does the covered interest rate parity hold? b. Calculate the forward premium. c. Suppose banks sell forward contracts with a 5% fee for each dollar sold or purchased. Calculate the forward exchange rate in this case. d. Suppose the governments in the euro area imposes a 5% tax on the foreign exchange transactions, but banks sell forward contracts without charging any fee. Calculate the forward exchange rate in this case. e. Suppose the US government imposes a 5% tax on the foreign exchange transactions, but banks sell forward contracts without charging any fee. Calculate the forward exchange rate in this case