39. Suppose the 1-year risk-free rate of return in Canada is 5%. The current exchange rate is 1 pound = C $1.60. The 1-year forward rate is 1 pound = C $1.57. What is the minimum yield on a 1-year risk-free security in Britain that would induce a Canadian investor to invest in the British security? a. 2.44% b. 2.50% c. 7.00% d. 7.62% e. none of the above