News that the Bank of Japan will raise interest rates in the future should result in a. future depreciation of the yen and current appreciation of the yen. b. future and current depreciation of the yen. O c. future appreciation of the yen and current appreciation of the yen. O d. future appreciation of the yen and current depreciation of the yen. The 120-day AUD interest rate is 2.40% p.a., and the 120-day JPY interest rate is 0.50% p.a. According to CIP, for delivery in 120 days. a. the AUD is trading at 5.67% premium to the JPY O b. the JPY is trading at 5.67% discount to the AUD O c. the JPY is trading at 5.67% premium to the AUD Od the AUD is trading at 5.67% discount to the JPY You get the following information about the Big Mac Index as published by the Economist magazine. The price in Singapore (in SGD) is 5.65, the price in U.S. (in USD) is 5.50, and the spot exchange rate (SGD/USD) is 1.37. Based on this information, the Real Exchange Rate between Singapore Dollar and USD, i.e. Q(SGD/USD) is O a. 0.75 O b. 1.03 O c. 1 O d. 1.33