Given the following FX quotes between Paris and New York:

Assumptions	Paris	New York
Spot Rate ($/)	1.356	1.356
1-yr T-Bill rate	3.6%	4.5%
Expected Inflation rate	Unknown	1.30%

The expected 1-year forward exchange rate ($/) today should be:

Hint: Refer International Fisher Effect

Select one:

a. 1.456

b. 1.256

c. 1.368

d. 1.305

e. None of the Above