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Spot rate for the South African rand to Euro is, S0 = R10.2992/. Interest rate in the Eurozone is 10.95 percent. Interest rate in South

Spot rate for the South African rand to Euro is, S0 = R10.2992/. Interest rate in the Eurozone is 10.95 percent. Interest rate in South Africa is 2.12 percent. Calculate the 6-month forward rate that would prevent covered interest arbitrage? A. R9.3898 B. R9.8444 C. R10.7539 D. R11.2086

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