Suppose you conduct currency carry trade by borrowing 1,000,000 at the start of each year and investing in the New Zealand dollar for one yeat One year interest rates and the exchange rate between the US dollar (5) and New Zealand dollar (NZS) are provided below for the period 2000-2009. Note that interest rates are one-year interbank rates on January 1 each year, and that the exchange rate is the amount of New Zealand dollar per US dollar on December 31 each year. The exchange rate was NZ$19126/5 on January 1, 2000. Fill out columns 4 - 7 and compute the total dollar profit from this carry trade over the 10 year period Also, assess the validity of uncovered interest rate parity based on your solution of this problem. You are encouraged to use the Excel spreadsheet software to tackle this problem SNS Ins- NOSS (4) - (5) $ Profit Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 Inz (5) 6.91 7.08 529 5132 626 705 11%) 6.69 619 263 1.64 1.85 329 503 552 2.2537 24053 19155 1.5268 1.3333 14720 14220 1.3032 1.7150 13780 766 8:41 9.48 5.40 441 2:19