Considers a Mexican investor looking to deposit 10,000 pesos in either Mexico or Canada. The 1-year interest rate on Canadian dollar-denominated deposits is 5%. The 1-year interest rate on peso-denominated deposits is 2%. The current spot exchange rate EC$/peso is 0.08, the one-year forward rate FC$/peso is 0.1. The covered return or net rate of return (in percentage) on Canadian deposits in terms of pesos when using a forward contract is

A) -5% B) -15% C) 5% D) 15%

PLEASE EXPLAIN