Use the information below to answer the following questions.

	Currency per U.S. $
Australia dollar	1.2376
6-months forward	1.2357
Japan Yen	100.3200
6-months forward	100.0600
U.K. Pound	.6793
6-months forward	.6780

Suppose interest rate parity holds, and the current risk-free rate in the United States is 3 percent per six months. Use the approximate interest rate parity condition to answer this question.
a.	What must the six-month risk-free rate be in Australia? (Do not round intermediate calculations and 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? (Do not round intermediate calculations and 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? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)