Use the information below to answer the following questions. Currency per U.S. $ Australia dollar 1.2386 6-months forward 1.2347 Japan Yen 100.4200 6-months forward 99.9600 U.K. Pound .6794 6-months forward .6779 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.