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Use the information below to answer the following questions. Currency per U.S. $ 1.2384 Australia...

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Use the information below to answer the following questions. Currency per U.S. $ 1.2384 Australia dollar 6-months forward Japan Yen 6-months forward 1.2349 100.4000 99.9800 6792 U.K. Pound 6-months forward .6781 Suppose interest rate parity holds, and the current risk-free rate in the United States is 4 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.) 3.42 % 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 3.15 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.) 3.67 % Risk-free rate

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