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Question 21 (4 points) Listen Suppose that the one-year interest rate is 6.71% in Italy, the spot exchange rate is $1.4925/1.00, and the one- year

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Question 21 (4 points) Listen Suppose that the one-year interest rate is 6.71% in Italy, the spot exchange rate is $1.4925/1.00, and the one- year forward exchange rate is $1.4637/1.00. Based on interest rate parity, what must the one-year interest rate be in the United States? 8.810% 4.651% 8.096% 1.968% 5.321% 12.775% 4

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