Use the information below to answer the following questions.

	Currency per U.S. $
U.K. Pound	0.5135
6-months forward ()	0.5204
Japan Yen	108.21
6-months forward ()	106.96
Switzerland Franc	1.0492
6-months forward (SF)	1.0478

Suppose interest rate parity holds, and the current six-month risk-free rate in the United States is 3.6 percent.

a) What must the six-month risk-free rate be in Great Britain?

b) What must the six-month risk-free rate be in Japan?

c) What must the six-month risk-free rate be in Switzerland?