Assume that the international Fisher effect holds. Interest rates in Australia are at $3\%$ p$.$a$.$ and the interest rate in Turkey is $8\mathrm{.}25\%$ p$.$a$.$ You have $250,000$ AUD to invest

and the current spot rate is AUD$/$TRY $5\mathrm{.}48.$ As an Australian investor, what yield would you expect to achieve on an investment in Turkey?

$11\mathrm{.}5\%$

$3\%$

$5\mathrm{.}1\%$

$5\mathrm{.}25\%$

None of the other options are correct