9. Currently, in the market, the foregoing below has been observed. Interest rate parity holds and the market is in equilibrium. There are no arbitrage opportunities. In the spot market, 1 Euro = 0.88 USD while 1 CAD = 0.70 Euro In the 3-month forward market, 1 Euro = 0.75 USD while 1 Euro = 1.21 CAD 3-month risk-free Canadian securities have a 6% nominal annual interest rate. A stereo speakers costs USD 120. The purchasing power parity holds, how much should the exact stereo speakers cost if bought in Euro in the Eurozone? * (2 Points) 141.36 Euro 131.36 Euro O 116.36 Euro O 136.36 Euro