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If $1.00 may be exchanged for 24.44 Mexican pesos in the spot market, and the annual riskless rate in the United States is 1.20% and

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If $1.00 may be exchanged for 24.44 Mexican pesos in the spot market, and the annual riskless rate in the United States is 1.20% and the annual riskless rate in Mexico is 4.00%, what is the 90-day forward exchange rate between the Mexican peso and the dollar if interest rate parity applies? 24.27 Mexican pesos per $1.00 24.68 Mexican pesos per $1.00 24.61 Mexican pesos per $1.00 24.51 Mexican pesos per $1.00

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