Suppose that the six month interest rate on Australian Government Bonds is 4.5%pa and the expected inflation rate in the Australia over the next six months is 3%pa. Your colleague believes that purchasing power parity holds and the expected spot rate six months from now, E[S(NZD/AUD)], is 0.5% lower than the current spot rate. Therefore: Group of answer choicese The expected 6 month inflation rate in New Zealand must be approximately 2.0%pa. The expected 6 month inflation rate in New Zealand must be approximately 2.5%pa. I The 6 month interest rate in New Zealand must be approximately 3.5%pa.es The 6 month interest rate in New Zealand must be approximately 4.0%pa. None of the other answers