(Answered) Use the information below to answer the following

Finance

Use the information below to answer the following questions.

	Currency per U.S. $
Canada dollar	1.2389
6-months forward	1.2344
Japan Yen	100.4500
6-months forward	99.9300
U.K. Pound	0.6797
6-months forward	0.6776

Suppose interest rate parity holds, and the current risk-free rate in the United States is 3 percent per six months.

What must the six-month risk-free rate be in Canada?

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