Test of Capital Market Integration Consider Test l of Capital Market Integration we saw in class (slides 22 and 24). a) Use the following invented data on interest rates, spot exchange rates, and forward exchange rates to determine whether there is evidence of capital market integration between these countries and country X, where the interest rate is 3%. Exchange rates in the table are defined as follows. For example, in the first row, units of currency in country A to purchase 1 units of currency in country X. b Against which of these countries is x' s currency trading at a premium in the forward market