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Consider a futures contract on the price of the euro against the dollar, maturing in one year, the price of which is 1.15. As of

Consider a futures contract on the price of the euro against the dollar, maturing in one year, the price of which is 1.15. As of today, one euro equals 1.11 dollars. If the price of a euro-denominated one-year zero-coupon bond is 97 euros, what is the no-arbitrage price of a one-year zero-coupon bond denominated in dollars? both the dollar- and euro-denominated bonds are risk-free

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