Assume the U

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

A) about 1.7%.
B) about 0.0%.
C) about 14.7%.
D) about 15.4%.
E) about 8.3%.