Assume the Canadian dollar (CAD) is equal to AUD 1.21 and the Peruvian Sol (PEN) is equal to AUD 0.46. The value of the Canadian dollar in Peruvian Sol is: Select one: a. about CAD 0.3821/PEN. b. about PEN 2.63/CAD. c. about CAD 0.3802/PEN. O d. about PEN 2.36/CAD. Assume that spot rate of New Zealand dollar is AUD 0.64/NZD, the 1-year forward rate of New Zealand dollar is AUD 0.62/NZD, 1-year interest rate on NZD is 9% and 1-year interest rate on AUD is 6%. If there is a possible arbitrage opportunity, the appropriate arbitrage strategy should be arbitrage; and the rate of return from covered interest arbitrage would be % Select one: a. Inward; 0.38 b. Outward; 9.42 c. Inward; 9.42 d. Outward; 0.38