Question 1: Calculate the nominal interest rate per annum in both the United States and the United Kingdom (U.K.), assuming that the Fisher effect holds, based on the following information: - 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, 4.0 percent, on their lending. - There is a consensus in capital markets that the annual inflation rate is likely to be 5.0 percent in the United States and 3.0 percent in the U.K. for the next 3 years. Tip: Nominal interest rate per annum is calculated by using this formula: (1+)(1+E)1 is the real interest rate expressed in decimals. E($) is the expected value of inflation, also expressed in decimals