MC algo $21-22$ Interest Rate Parity

Assume interest rate parity holds. The one$-$year risk$-$free rate in the U$.$S$.$ is $4\mathrm{.}66$ percent and the one$-$year risk$-$free rate in Japan is $5\mathrm{.}03$ percent. The spot rate between the Japanese yen and the U$.$S$.$ dollar is $\frac{116\mathrm{.}01}{\text{\$}}.$ What is the one$-$year forward exchange rate?

Multiple Choice

$\frac{115\mathrm{.}60}{\text{\$}}$

#$\frac{116\mathrm{.}42}{\text{\$}}$

$\frac{119\mathrm{.}26}{\text{\$}}$

$\frac{116\mathrm{.}01}{\text{\$}}$

#$118,\frac{29}{\text{\$}}$