Consider the following information:

UK ()	USD ($)
Price level (t)	10,000	17,000
Inflation	7%	3%
Price level (t+1)	10,700	17,510
Actual exchange rate ($/)	$1.8/

If relative PPP holds from time t to t+1, the US dollar is most likely to: A. Appreciate 5.88% against the pound over the 1-year period B. Depreciate 5.88% against the pound over the 1-year period C. Appreciate 3.88% against the pound over the 1-year period D. Depreciate 3.88% against the pound over the 1-year period E. None of the above