Question: Please select correct option with explanation If the spot rate is NZ$0.50/$ and the forward rate is NZ$0.55/$. The spot exchange rate and the forward

Please select correct option with explanation

$Please select correct option with explanation If the spot rate is NZ\$0.50/\$$

If the spot rate is NZ\$0.50/\$ and the forward rate is NZ\$0.55/\$. The spot exchange rate and the forward rate are C$1.03/$ and C$1.07/$. Compute the percentage change in the NZ\$/C\$ during this period. a. 5.89% b. 5.89% c. 5.56% d. 5.56%

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