a. Suppose the spot and six-month forward rates on the Norwegian krone are Kr 5.71 and Kr 5.86, respectively. The annual risk-free rate in the United States is 3.51 percent, and the annual risk-free rate in Norway is 5.21 percent.
b. The six-month forward rate on the Norwegian krone would have to be Kr/$ to prevent arbitrage. (Round your answer to 4 decimal places. (e.g., 32.1616))