Question: HELP REVIEW Suppose that the current spot rate for a Bulgarian lev is $0.615 and the 7-month forward rate is $0.607. If the annualized) U.S.

HELP REVIEW

Suppose that the current spot rate for a Bulgarian lev is $0.615 and the 7-month forward rate is $0.607. If the annualized) U.S. 7-month risk-free rate is 5.1% and covered interest rate parity holds, what should be th (annualized) Bulgarian risk-free rate? Give your answer as a percentage to 2 decimal places (for example, if you calculate it to be 4.87%, enter 4.87)

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