0 Lamoreaux's Homes: Sydney to Phoenix. Tory Lamoreaux has homes in both Sydney, Auwala, and Phoenix, the United States. He travels between the two cities at least twice a year. Because of his frequent trips, he wants to buy some new.high quality. He has done is research and has decided to go wth a Brops and lay the piece gape met. There are retals stores in Phoenix and Sydney Tory was a france major and wants to use purchasing power perity to the price of the live piece set in Phoenix is $840 and the price of the same the placeret in Sydney is ASOSS, using purchasing power perity is the price of the luggage truly equal the sport in A81110717 b. If the price of the page remains the same in Phoenix one year from now determine the price of the luggage in Sydney in one-year's time PPP holde true. The U.8. Inflation rate is 1.11% and the Australian Intation to 1 317%. 2. If the price of the tree plece luggage set in Phoenix is $40 and the price of the same roepiece set in Sydney is A$939, using purchasing power party, is the price of the page truly equal the spot rates A81110787 (Select the best choice below) OA. There is not enough information to determine if the price of the luggage is equal OB. Yes, the price of the luggage is truly equal it the spot rates A51.1107/5 OC. No, the price of the longe is not equal if the sport is $1.11078 If the price of the page remains the same in Phoenix one year from now, determine the price of the age in Sydney in one year's in PPP holds true. The U.S. Infation rate is 1115 and the Australian inflation rate 317% the price of the long remains the same in Phoenie one you from now, the price of age in Sydney in one year's time i PPP los respond to new cont) o Lamoreaux's Homes: Sydney to Phoenix. Terry Lamoreaux has homes in both Sydney, Australia, and Phoenix, the United States. He travels between the two cities at least twice a year. Because of his frequent trips, he wants to buy some new, high quality luggage. He has done his research and has decided to go with a Briggs and Riley three-piece luggage set. There are retails stores in Phoenix and Sydney. Terry was a finance major and wants to use purchasing power parity to determine if he is paying the same price regardless of where he makes his purchase. a. If the price of the three-piece luggage set in Phoenix is $840 and the price of the same three-piece set in Sydney is A$933, using purchasing power parity, is the price of the luggage truly equal if the spot rate is A$1.1107/$? b. If the price of the luggage remains the same in Phoenix one year from now, determine the price of the luggage in Sydney in one-year's time if PPP holds true. The U.S. inflation rate is 1.11% and the Australian inflation rate is 3.17%. a. If the price of the three-piece luggage set in Phoenix is $840 and the price of the same three-piece set in Sydney is A$933, using purchasing power parity, is the price of the luggage truly equal if the spot rate is A$1.1107/$? (Select the best choice below.) O A. There is not enough information to determine if the price of the luggage is equal. B. Yes, the price of the luggage is truly equal if the spot rate is A$1.1107/$. O C. No, the price of the luggage is not equal if the spot rate is A$1.1107/$. b. If the price of the luggage remains the same in Phoenix one year from now, determine the price of the luggage in Sydney in one-year's time if PPP holds true. The U.S. inflation rate is 1.11% and the Australian inflation rate is 3.17%. If the price of the luggage remains the same in Phoenix one year from now, the price of the luggage in Sydney in one-year's time if PPP holds true is A$. (Round to the nearest cent.)