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