The Spot Rate for the Argentine Peso Is $0

The spot rate for the Argentine peso is $0.3600 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.

A) 0.2987
B) 0.3614
C) 0.2875
D) 0.3384
E) 0.3015