Suppose the spot and six-month forward rates on the Norwegian krone are kr 5.76 and Kr 5.91, respectively. The annual risk-free rate in the United States is 3.56 percent, and the annual risk-free rate in Norway is 5.26 percent. Using the approximation, the six-month forward rate on the Norwegian krone would have to be kr/$ to prevent arbitrage. (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Help Save & Exit S Check my wo You observe that the inflation rate in the United States is 1.2 percent per year and that T- bills currently yield 1.7 percent annually. Use the approximate international Fisher effect to answer the following questions. a. What do you estimate the inflation rate to be in Australia, if short-term Australian government securities yield 7 percent per year? (Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.) b. What do you estimate the inflation rate to be in Canada, if short-term Canadian government securities yield 10 percent per year? (Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.) c. What do you estimate the inflation rate to be in Taiwan, if short-term Taiwanese government securities yield 12 percent per year? (Enter your answer as a percent rounded to 1 decimal place, e.g., 32.1.) a.. b. Australian inflation rate Canadian inflation rate Taiwanese inflation rate