Which of the following statements is true? O a. Perfect financial market integration implies that relative purchasing power parity and covered interest rate parity give similar forecasts of the future spot rate irrespective of the expectations hypothesis. Ob Given these three nominal exchange rates: USD1351/GBP, EUR1.19/GBP and USD0.88/EUR an arbitrage opportunity does not exist Oc The following spot rate is an indirect quote outside the US DKK3418-25/USD. Od Under PPP theory, if the expected rate of inflation in the US is 5% and the expected rate of inflation in Japan is 3%, then the USD/JPY forward rate will be at a premium to the spot rate such that returns in both countries are equalized. Oe. More than one of these statements are correct