Suppose the spot and six-month forward rates on the Norwegian krone are Kr 7.87 and Kr 7.97, respectively. The annual risk-free rate in the United States is 3 percent, and the annual risk-free rate in Norway is 5 percent.

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.)