Assume the Spot Rate for the British Pound Currently Is

Assume the spot rate for the British pound currently is £0.6211 per $1.Also assume the one-year forward rate is £0.6347 per $1.A risk-free asset in the U.S.is currently earning 3.4 percent.If interest rate parity holds,what rate can you earn on a one-year risk-free British security?

A) 1.18 percent
B) 1.57 percent
C) 3.67 percent
D) 5.66 percent
E) 5.92 percent