Assume the Spot Rate for the British Pound Currently Is

Assume the spot rate for the British pound currently is £.7287 per dollar and the one-year forward rate is £.7304.A risk-free asset in the U.S.is currently earning 3 percent.If interest rate parity holds,approximately what rate can you earn on a one-year risk-free British security?

A) 3.16 percent
B) 3.03 percent
C) 2.92 percent
D) 2.84 percent
E) 3.24 percent