The 6-month call and put premiums are $0.114 and $0.098, respectively, with a $0.94 strike. Dollar and euro interest rates are 7.0% and 6.0%, respectively. What spot exchange rate is implied by this data?

A) $0.98 dollars per euro
B) $1.02 dollars per euro
C) $1.05 dollars per euro
D) $1.09 dollars per euro

B

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