Assume the US interest rate is 7.5 percent, the New Zealand interest rate is 6.5 percent, the spot rate of NZD is USD 0.52, and the one-year forward rate of the nzd is usd 0.50. At the end of the year the spot rate is usd 0.48. based on the information, what is the effective financing rate for a us firm that takes out a one-year, uncovered nxd loan?