Question $18(1$ point$)$

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Suppose $180-$day investments in Turkey have a $5\%$ annualized return. In the U$.$S$.,180-$day investments of similar risk have a $8\%$ annualized return. In the $180-$day forward market, $1$ Turkish Lira equals $$0\mathrm{.}4032.$ If interest rate parity holds, what is the spot exchange rate?

$0\mathrm{.}3312$

$0\mathrm{.}3976$

$0\mathrm{.}276$

$0\mathrm{.}5722$

$0\mathrm{.}4769$