You can exchange 100 for $127.08 currently. The inflation rate in Euroland is expected to be 5.2% as compared to 4.6% in the U.S. Assuming that relative purchasing power parity exists, the exchange rate 3 years from now should be:

	a.	0.7811/$1
	b.	0.8128/$1
	c.	0.7903/$1
	d.	0.8011/$1
	e.	0.7827/$1