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Use the information below to answer the following questions. table [ [ , Currency per U . S . $ ] , [ Australia

Use the information below to answer the following questions.
\table[[,Currency per U.S. $],[Australia dollar,1.2382],[6-months forward,1.2351],[Japan Yen,100.3800],[6-months forward,100.0000],[U.K. Pound,.6790],[6-months forward,.6783]]
Suppose interest rate parity holds, and the current six month risk-free rate in the United States is 5 percent. Use the approximate interest rate parity equation to answer the following questions.
a. What must the six-month risk-free rate be in Australia? (Enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
b. What must the six-month risk-free rate be in Japan? (Enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
c. What must the six-month risk-free rate be in Great Britain? (Enter your answer as a percent rounded to 2 decimal places, e.g.,32.16.)
\table[[a. Australian risk-free rate,%
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