Here is the data for a forward contract on Vodafone. Issuance: today. Forward price: 8.75. Price of Vodafone stocks: 8.50. Considering a constant (flat) term structure of interest rates, compute the one-year risk-free rate. Assume compound interest rates.

Select one:

a. Between 0% and 2%

b. None of the above

c. Between 2% and 4%

d. No answer

e. Between 8% and 14%