Suppose you are a Canadian resident. The spot rate for the British pound currently is $0\mathrm{.}5086$ per $C$$$1.$ The oneyear forward rate is $0\mathrm{.}4975$ per $C$$$1.$ A risk$-$free asset in Canada is currently earning $4$ percent. If interest rate parity holds, what rate $($approximately$)$ can you earn on a one$-$year risk$-$free British security?

$1\mathrm{.}77$ percent

$6\mathrm{.}18$ percent

$1\mathrm{.}82$ percent

$6\mathrm{.}23$ percent

$4\mathrm{.}27$ percent