16. Assume the following information: = Current spot rate of New Zealand dollar Forecasted spot rate of New Zealand dollar 1 year from now One-year forward rate of the New Zealand dollar Annual interest rate on New Zealand dollars Annual interest rate on U.S. dollars = $.41 $.43 $.42 8% 9% = Given the information in this question, the return from uncovered interest arbitrage by U.S. investors with $400,000 to invest is %. A) about 11.97 B) about 10.63 C) about 11.12 D) about 11.64 E) about 13.27