Suppose Larry $($a U$.$S$.$ investor$)$ purchases a $35-$day Euro$-$commercial paper with a par value of $10,000,000$ Mexican pesos for a price of $9,960,000$

Mexican pesos. If the peso is worth $$0\mathrm{.}045,$ the spot rate is anticipated to be $$0\mathrm{.}049050$ per peso at the end of maturity, and Larry holds the Euro$-$

commercial paper until then, assuming a $360$ day year, the effective yield is:

$12\mathrm{.}29\%$

$13\mathrm{.}50\%$

$13\mathrm{.}91\%$

$14\mathrm{.}72\%$