Assume the following: Current $1-$year Japanese interest rate $3\mathrm{.}0\%$;Current $1-$year Canadian interest rate $5\mathrm{.}0\%$; Current spot rate C$$0\mathrm{.}01$ per yen. Estimate the $1-$year forward exchange rate using covered interest rate parity.

Question $2$ options:

a$)$ C$$0\mathrm{.}0102$ per year

b$)$ C$$0\mathrm{.}0098$ per year

c$)$ C$$1\mathrm{.}0194$ per year

d$)$ C$$0\mathrm{.}9810$ per year