The current indirect exchange rate is 11 pesos per dollar. The anticipated annual inflation rate is 5% in the United States and 8% in Mexico. What is the forward exchange rate?

A) Ps11.3143/$
B) Ps11.2375/$
C) Ps11.1425/$
D) Ps11.0526/$

Answer: A
Explanation: A) The forward exchange rate is: Ps11/$ × = Ps11.3143/$.

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