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One year forward exchange rate between the currency pair Australian Dollar -AUD and Canadian dollar -CAD is 1.0258 AUD =1 CAD and the spot exchange

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One year forward exchange rate between the currency pair Australian Dollar -AUD and Canadian dollar -CAD is 1.0258 AUD =1 CAD and the spot exchange rate is 1. 0321 AUD=1 CAD. Determine the inflation rate in Canada if the inflation rate in Australia is 7% a. 10.43% b. 9.76% c. 7.66% d. 6.35%

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