Suppose annual inflation rates in the U.S. and Mexico are expected to be 6% and 80% respectively over the next 3 years. If the 3 year future spot rate for the Mexican peso is estimated to be $.00102 at parity per peso, then the peso's spot rate today should be ___.

Select one:

a. $/005/peso

b. $.00321/peso

c. $.00276/peso

d. $.0119/peso