Suppose the interest rate in Taiwan is 4% and the forecast Taiwanese inflation is 0.5%. At the same time, Panamanian interest rate is 1.5% and forecast Panamanian inflation is 2% A. Based on these figures, what were the real interest rates in Taiwan and Panama? B. If the 15-day forward rate is Taiwan $2.5/Balboa, is there arbitrage opportunity (in other words, does the interest rate parity hold)?