Assume the U.S. one-year rate is 6%, and the British one-year interest rate is 5%. The one-year forward rate for the pound is $1.3313. The spot rate of the pound at the beginning of the year is $1.2988. At the end of the year, the pound's spot rate is expected to be $1.3887. Based on this information, what is the effective financing rate for a U.S. firm that takes out a one-year covered British pound loan? 0 2.44% 7.67% O 13% 0 3.41% 11%