Suppose that the rate of inflation in the United Kingdom is 0.8%, and the rate of inflation in Canada is 5.2%. If the CAD appreciates relative to the GBP by 1.7% in real terms, then which of the following would be closest to the magnitude of the nominal appreciation (+) or depreciation () of the CAD? a. +2.59% b. 2.55% c. 2.70% d. +6.14% e. 5.81%