John Travers is planning a holiday to Thailand but is concerned that the U.S, dollar will depreciate before he makes his trip. His travel agent has planned a trip for him for a total cost of 41,250 Thai baht. John plans to purchase the baht forward and is given a dollar estimate of $1,247.17 based on the 30-day forward quote. What is the THB/ $ forward rate? $0.0302/THB $1.2471/THB THB33.0749/5 THB41.2500/\$