The current exchange rate between Canada and a foreign country is Fc600 per $1

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The current exchange rate between Canada and a foreign country is Fc600 per $1. The nominal risk-free rate in Canada is 5%, while the foreign rate is 28%. What is the only possible forward rate that could prevail without creating any arbitrage opportunities?

1) Fc455.00 per $1

2) Fc558.72 per $1

3) Fc885.12 per $1

4) Fc731.43 per $1

5) Fc842.85 per $1