Assume the Following Information: ​

Assume the following information: ​
Current spot rate of Australian dollar = £0.40
Forecasted spot rate of Australian dollar 1 year from now = £0.37
1-year forward rate of Australian dollar = £0.38
Annual interest rate for Australian dollar deposit = 9%
Annual interest rate in the UK = 6%
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Given the information in this question, the return from covered interest arbitrage by UK investors is ______%.

A) 3.00
B) 4.15
C) 2.33
D) 1.14
E) 3.55