A cash manager used three derivatives to protect a USD$/$CAD exchange rate. Each strategy was used to sell USD $2,000,000.$ The manager got a forward rate of $1\mathrm{.}3420,$ futures ended at $1\mathrm{.}3490,$ while the options strategy allowed a rate of $1\mathrm{.}3450.$ For the last tranche of USD $1,000,000.,$ the cash manager had to choose between the bid rate CAD$/$USD $0\mathrm{.}7404$ and the ask rate $0\mathrm{.}7414.$ Determine the effective exchange rate that the four strategies gave for the sale of the USD $7,000,000.$

A$.$ The effective rate is USD$/$CAD $1\mathrm{.}3461$

B$.$ The effective rate is USD$/$CAD $1\mathrm{.}3458$

C$.$ The effective rate is USD$/$CAD $1\mathrm{.}3462$

D$.$ The effective rate is USD$/$CAD $1\mathrm{.}3467$