The Spot Rate for the British Pound Is $2

The spot rate for the British pound is $2.00 and the one-year forward rate is $2.039.The one-year Canadian interest rate is 4%.The one-year interest rate in the UK is _____.

A) 3%
B) 4.5%
C) 2.5%
D) 2%
E) 1.5%