Please help answer this question At the start of May, you purchased some shares in Apple (a US company) for $US 61.79, and hedged your position using forward contracts (hedging the purchase value of the shares). The exchange rate at the time of purchase was $US1 = $NZ 1.72, while the one month NZ interest rate was 8.90% andthe one month US interest rate was 6.30% (both rates are per annum, with monthly compounding). At the end of May, the exchange rate was $US1 = $NZ 1.73, while the shares were worth $US 60.76. Apple paid no dividends during May. What was your ($NZ) holding period return over the month ofMay?-1.46%-1.67%O 0.77%O -1.10%

As per the given information: Shares purchased in Apple (a US company) = $US 61.79Exchange rate at…

way. you pu the one month US interest rate was 6.30% (both rates are per annum, with monthly compounding). At the end of May, the exchange rate was SUST-$NZ 1.73, while the shares were worth $US 60.76. Apple paid no dividends during May. What was your ($NZ) holding period return over the month of May? O-1.46% O-1.67% O 0.77% O-1.10%