QUESTION 8 Use the following information to answer the next two questions. As of today, the spot exchange rate is 1.5/8. The U.S. interest rate is 6% and the interest rate in the euro zone is 4%. What is the one-year forward rate that should prevail according to IRP? (Assume the US is the home country and round intermediate steps to four decimals.) $1.5288 9.6795 $.6541 $1.4717 QUESTION 9 Suppose that the one year forward rate is $.75/ . Find the profit (in terms of percentage returns) you could earn via covered interest arbitrage. Round intermediate steps to four decimals. 0.1299 0.1324 0.1099 .1234