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Continued from above, what must the spot rate of the Mexican peso be in one year for Julia Foster's strategy to be successful? ( Hint:

Continued from above, what must the spot rate of the Mexican peso be in one year for Julia Foster's strategy to be successful? (Hint: You will find the cutoff interest rate using the International Fisher Effect. Rounded the answer to 4 decimal points.)
Question 18 options:
As long as the spot rate is below $0.0565 per Mexican peso, Julia Foster's strategy can be successful.
As long as the spot rate is above $0.0565 per Mexican peso, Julia Foster's strategy can be successful.
As long as the spot rate is above $0.0637 per Mexican peso, Julia Foster's strategy can be successful.
As long as the spot rate is below $0.0637 per Mexican peso, Julia Foster's strategy can be successful.

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