The interest rate on U.S. three-month Treasury bills dropped to very low levels at the end of 2008 and remained there for several years. The table below contains data for four consecutive months from this period. The data are the three-month U.S. Treasury bill rate, Rus, the Korean 91-day Monetary Stabilization Bond interest rate, Rok; and the exchange rate of the U.S. dollar against the Korean Won (won por dollar), Ewis Date Rus Rox Ew/s Mar, 2013 0.09% 2.60% 1.111.1 Apr, 2013 0.06% 2.63% 1,1012 May, 2013 0.04% 2 59% 1,129.7 Jun, 2013 0.05% 2.58% 1,1420 Imagine that you borrow $100 at the Treasury bill rate to invest in Korean stabilization bonds, thus doing a carry trade that exposes you to the risk of won dollar exchange rate fluctuations. The return to the carry trade in monthtis calculated by: EW/8.t1 $100 (** Risk 1) * Ewisi - (7+ Purs.) where Rs. is the Korean 91-day Monetary Stabilization Bond interest rate in montht Rust is the three month U.S. Treasury bili rate in month t. Ewyses the exchange rate of the U.S. dollar against the Korean won (wan per dollar) in month and Ew/5. tis the exchange rate in month t+1. Note that Rs, and Rus need to be converted from percentage form (as given in the table) to decimal form in this calculation The retum on your carry trade for Mar, 2013 is (Round your answer to two decimal places and include a minus sign if necessary) The return on your carry trade for Apr 2013 is $(Round your answer to two decimal places and include a minus sign if necessary) The return on your carry trade for May, 2013 is $(Round your answer to two decimal places and include a minus sign i neonssary) The interest rate on U.S. three-month Treasury bills dropped to very low levels at the end of 2008 and remained there for several years. The table below contains data for four consecutive months from this period. The data are the three-month U.S. Treasury bill rate, Rus, the Korean 91-day Monetary Stabilization Bond interest rate, Rok; and the exchange rate of the U.S. dollar against the Korean Won (won por dollar), Ewis Date Rus Rox Ew/s Mar, 2013 0.09% 2.60% 1.111.1 Apr, 2013 0.06% 2.63% 1,1012 May, 2013 0.04% 2 59% 1,129.7 Jun, 2013 0.05% 2.58% 1,1420 Imagine that you borrow $100 at the Treasury bill rate to invest in Korean stabilization bonds, thus doing a carry trade that exposes you to the risk of won dollar exchange rate fluctuations. The return to the carry trade in monthtis calculated by: EW/8.t1 $100 (** Risk 1) * Ewisi - (7+ Purs.) where Rs. is the Korean 91-day Monetary Stabilization Bond interest rate in montht Rust is the three month U.S. Treasury bili rate in month t. Ewyses the exchange rate of the U.S. dollar against the Korean won (wan per dollar) in month and Ew/5. tis the exchange rate in month t+1. Note that Rs, and Rus need to be converted from percentage form (as given in the table) to decimal form in this calculation The retum on your carry trade for Mar, 2013 is (Round your answer to two decimal places and include a minus sign if necessary) The return on your carry trade for Apr 2013 is $(Round your answer to two decimal places and include a minus sign if necessary) The return on your carry trade for May, 2013 is $(Round your answer to two decimal places and include a minus sign i neonssary)