The Current Spot Rate for the Norwegian Krone Is $1

The current spot rate for the Norwegian krone is $1 = 6.5483NKR. The expected inflation rate in Norway is 2.4 percent and in Canada 3.7 percent. A risk-free asset in Canada is yielding 4.3
Percent. What real rate of return should you expect on a risk-free Norwegian security?

A) 3.0 percent
B) 3.3 percent
C) 5.0 percent
D) 5.2 percent
E) 5.6 percent