*xx Assume that the interest rate in France is 6% and inflation is expected to be at 4%. The expected inflation rate in the U.K. is 8%, and the interest rate prevailing in Canada is 11%. To the nearest whole number, what is the best estimate of the one-year forward exchange premium (discount) at which the Canadian dollar will be selling relative to the British pound? - A. Canadian dollar is roughly at a discount of 1.7% against the U.K. pound. - B. Canadian dollar is roughly at a discount of 1% against the U.K. pound. - C. Canadian dollar is roughly at a premium of 1.7% against the U.K. pound. - D. Canadian dollar is roughly at a premium of 1% against the U.K. pound