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The one-year risk-free rate in the US. is 2.900 percent and the one-year risk-free rate in Mexico is 4.66 percent. The one year forward rate

The one-year risk-free rate in the US. is 2.900 percent and the one-year risk-free rate in Mexico is 4.66 percent. The one year forward rate between the Mexican peso and the US. dollar is MXN12 249/S What is the spot exchange rate? Assume interest rate parity holds 59 O MXN13.913/$ O O MXN14.883/ MXN12.043/$ MXN12.459/$ MXN12.249/$

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