QUESTION 15 The one year interest rate in Canada and Mexico is 10% and 15%, respectively. The current quotes for Canadian dollars and pesos are 1MP=.15USD and 1CD=1.15USD. A Canadian hedge fund manager believes that the spot rate at the end of the year will be 1MP=.12CD. The manager has access to 10 million Canadian dollars and an equivalent amount of pesos. What should be the percentage change in direct quotes according to the international Fisher effect? O-0435 .0455 .0467 -.05