QUESTION $1$

Assume a risk$-$free asset in the U$.$S$.$ is currently yielding $4\mathrm{.}1$ percent, a Canadian risk$-$free asset is yielding $3\mathrm{.}7$ percent, and the current spot rate is $C$$$1\mathrm{.}2633.$ What is the approximate three$-$year forward rate if interest rate parity holds?

A$.C$$$1\mathrm{.}2684$

B$.C$$$1\mathrm{.}2482$

C$.C$$$1\mathrm{.}2541$

D$.C$$$1\mathrm{.}2785$