​Assume the U

​Assume the U.S. interest rate is 7.5 percent, the New Zealand interest rate is 6.5 percent, the spot rate of the NZ$ is $.52, and the one-year forward rate of the NZ$ is $.50. At the end of the year, the spot rate is $.48. Based on this information, what is the effective financing rate for a U.S. firm that takes out a one-year, uncovered NZ$ loan?

A) ​about -1.7 percent
B) ​about 0.0 percent
C) ​about 14.7 percent
D) ​about 15.4 percent
E) ​about 8.3 percent