Question 20 2 pts V Question 7 A U.S. based MNC with $1 Million in excess cash wishes to invest in Australia owing to that country's relatively high interest rates which at this time is 8% for a 1 year deposit. The exchange rate of the Australian dollar (AUD) is currently $0.68. $0.61. Calculate the effective yield on the Australian deposit Time Running: Hide Attempt due: Mar 7 at 10 2 Minutes, 1 Second | At the end of the 1 year deposit period, the spot rate of the AUD is 10-312% 4.08% 3.12% 9% Submit Qu Iot saved