Assume that the international Fisher effect (IFE) holds. The initial Singapore dollar spot rate is A$0.80 and the 1-year interest rates for Singapore and Australia are 5 percent. The Singapore 1-year interest rate increases to 11 percent, while the Australia 1-year interest rate remains unchanged. Using this information, forecast the 1-year ahead spot rate. A. A$ 0.7568 B. A$ 0.845 C. A$ 0.90 D. Spot rate does not change E. Given information is not sufficient to calculate the answer