The Current Exchange Rate Between Canada and a Foreign Country

The current exchange rate between Canada and a foreign country is Fc600 per $1. The nominal risk-free rate in Canada is 5%, while the foreign rate is 28%. What is the only possible forward rate that could prevail without creating any arbitrage opportunities?

A) Fc455.00 per $1
B) Fc558.72 per $1
C) Fc885.12 per $1
D) Fc731.43 per $1
E) Fc842.85 per $1