16. Suppose annual inflation rates in the U.S. and Mexico are expected to be 8% and 60%, respectively. If the current spot rate for the Mexican peso is $.007, then the best estimate of the peso's spot value in 90 days is:
A. |
$0.0091 |
|
B. |
$0.0062 |
|
C. |
$0.0032 |
|
D. |
$0.0023 |
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