5. Which of the following argument is NOT correct? A) The basic mechanism of carry-trade is using a high interest rate spreads between currencies. B) The yen carry-trade majorly relied on the record low interest rate for the yen. C) When the yen carry-trade investor did not sell dollar forward, the investor must have expected that the yen would not depreciate versus the dollar. D) Emerging market carry-trade investors expect to utilize not only the higher interest rate of emerging market currency but also the appreciation of emerging market currency