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Beth converts $ 9 0 , 0 0 0 to euros and invests them in Germany. One year later, she converts the euros back to

Beth converts $90,000 to euros and invests them in Germany. One year later, she converts the euros back to dollars. The current spot rate of the euro is $1.10.
a. According to the IFE, what should the spot rate of the euro in one year be? Do not round intermediate calculations. Round your answer to three decimal places.
$
%
%
Beth's strategy would be successful if the spot rate of the euro in one year is
than $
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