You believe the unbiasedness hypothesis does not hold and expect the euro to depreciate by 1% over 30 days. The 30-day forward discount on the euro is 0.5%. Which of the following is your correct strategy?

Select one:

A.

buy euro forward, make a forward market return of 0.5%

B.

buy euro forward, make a forward market return of 1.5%

C.

sell euro forward, make a forward market return of 1.5%

D.

sell euro forward, make a forward market return of 0.5%

E.

sell euro forward, make a forward market return of 1.0%