The current spot exchange rate is 90 /$. The inflation in the US is expected to be 2% annually for the next five years. The inflation of Japan is forecasted to be 3% for the next five years. What do you expect the /$ exchange rate to be 5 years from now?

	a.	89.13
	b.	90.88
	c.	94.50
	d.	85.72
	e.	92.70