Suppose that the current exchange rate is $C1\mathrm{.}48=C1,$ but it is expected to be $C1\mathrm{.}42=C1$honeyear.Ifthecurrent${\displaystyle \underset{\phantom{}}{\overset{\phantom{}}{}}}$erestrateonaone$-$yeargovernment bond in the United Kingdom is $9\%,$ what does the interest$-$rate perlity conditon indicate the intersat rate wll be on a one$-$year goverment bond h Germany? Assume that there are no differences in risk, liquidity, texation, or informaton coste beteesen the bonder

The German interest rate will be $\%.($Round your response to two decimel pleces$)$