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1-year risk-free rate of return in the U.S. is 8% current exchange rate is 1 pound = U.S 1.68 1-year forward rate is 1 pound

1-year risk-free rate of return in the U.S. is 8%
current exchange rate is 1 pound = U.S 1.68
1-year forward rate is 1 pound 1.65
What is the minimum yield on a 1-year risk-free security in Britain that would induce a U.S. investor to invest in the British security?
Answers:

9.96%

8.76%

10.28%

9.04%

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