The spot rate for the Argentine peso is $$0\mathrm{.}3600$ per peso. Over the year, inflation in Argentina is $10$ percent and U$.$S$.$ inflation is $4$ percent. If purchasing power parity holds, at year$-$end the exchange rate should be approximately dollars per peso.

$0\mathrm{.}3614$

$0\mathrm{.}3015$

$0\mathrm{.}2987$

$0\mathrm{.}2875$

$0\mathrm{.}3384$