1. (21 points total; this question has six parts) Harmony is a South African mining company that sells gold globally. Gold is priced in dollars but South African miners are is the South African currency). The current price of gold is $1.288 an ounce. The current exchange rate is 8.62 rand (R) per $1. Harmony's current costs per ounce. Expected one-year inflation rates are 2% in the US, and 8% in paid in rand C"rand" are R10,930 South Africa. [Note that questions below are per ounce, or "per car.] the "ounces" in this case are like "BMW cars" in quiz 6, but the a) (4 points) How much profit per ounce is Harmony currently generating (in rands)? 1280 4 points) What exchange rate does PPP predict in one year? n SA 870 c) (4 points) What level in real (inflation-adjusted) terms? of revenues in one year would maintain Harmony's profitability ) 3 points) Itin one year the actual appreciated or depreciated against the dollar in nominal terms? exchange rate is R6.60 per $1, has the rand ased on the exchans e rate in d). what will be Harmonys profit pe