One-year interest rates are currently at 9% for New Zealand and 4% for Australia. The spot rate is A$0.88/NZ$, while the 1-year forward rate is A$0.88/NZ$. Which of the following correctly describes a profitable arbitrage opportunity?

	A.	An Australian investor invests in New Zealand securities while agreeing to sell AU$ forward.
	B.	An Australian investor invests in New Zealand securities while agreeing to sell NZ$ forward.
	C.	A New Zealand investor invests in Australian securities while agreeing to sell NZ$ forward.
	D.	There is not enough information to answer the question.
	E.	None of the options.