Use the information below to answer the following questions.

Currency per U.S. $

Australia dollar 1.2380

6-months forward 1.2353

Japan Yen 100.3600

6-months forward 100.0200

U.K. Pound .6789

6-months forward .6784

Suppose interest rate parity holds, and the current risk-free rate in the United States is 5 percent per six months. Use the approximate interest rate parity equation to answer the following questions.

Requirement 1: 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.)

Risk-free rate%

Requirement 2: 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.)

Risk-free rate%

Requirement 3: 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.)

Risk-free rate%