Suppose that the international parity conditions (i.e., CIP, UIP, PPP, RIP, Fisher Effect) all hold and a country has a higher nominal interest rate than the United States.

Which of the following is incorrect?

	a.	The currency with higher expected inflation rate should be traded at a forward discount relative to USD
	b.	The currency with a forward discount is expected to depreciate in relative to the currency with a forward premium
	c.	The countrys ex-post real interest rate is equal to that of the United States.
	d.	The country with higher nominal interest rate should have a higher expected rate of inflation relative to the US