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Suppose annual inflation rates in the U.S. and Argentina are expected to be 2.0% and 23%, respectively, over the next several years. If the current

Suppose annual inflation rates in the U.S. and Argentina are expected to be 2.0% and 23%, respectively, over the next several years. If the current spot rate for the Argentine Peso is 17.31peso/$, then the best estimate of the Argentine pesos spot value according to Purchasing Power Parity in 4 years is

a. $36.60/peso

b. $0.027/peso

c. $8.2145/peso

d. $0.1217/peso

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