The spot exchange rate is 0.6756 USD per AUD, and the 12-month forward exchange rate is 0.6830 USD per AUD. The 12-month inflation rates in U.S. and Australia are 7.1% p.a. and 7.4% p.a., and the 12-month interest rates in U.S. and Australia are 5.49% p.a. and 4.35%p.a., respectively. Does covered interest rate parity hold? (Round to three decimal places)

(A) Yes, it holds.

(B) No, it does not hold.

(C) The information is not enough for a decision.

(D) None of the above