1. (3 points) The US. price of corn is $1430 per ton, and the exchange rate between the US. dollar and the Japanese yen is 1EU = $1.4m. a) Calculate the international price of US. corn for Japan. (4 points] In) If the exchange rate changes to 145 = 31.430, calculate the new international corn price for Japan. (4 points) (12 points} Suppose the cost of purchasing euros (EUR) and Canadian dollars (CED) at the airport are given by the following hid I ask price: at) EUR? 2 U511} 13%;" $.22 I!) (14.3 3' 2 LTD {133' f 0.93 a} How much USU is required to purchase EUR EJUUU? {2 points} b) How much USU is required to purchase (3311) 1:5U'U?' (2 points} c] How much USU will you get if yoqu like to sell EUR EDD to the airport's currency exchange store? [2 points) d} How much USU will you get if yoqu like to sell CD 5013' to the airporfs currency exchange store? (2 points) e] Calculate the percent spread or margin for USDEUR. (2 points} f} Calculate the percent spread or margin for USDCD. (2 points)