1. Suppose the price of white truffles is 500 euros per kilo in Paris and price of a euro is 1.08 Swiss francs. With transportation and transaction cost such as insurance, of 1% in moving truffles from Paris to Geneva, within what range would you expetricf white truties in Genea 2. Suppose the price of gold is $900 per ounce. 1)If the pound sterling price of gold is 500 per ounce, what should you expect the pound price of a dollar to be? 2)If it actually only costs 0.50 to purchase a dollar, how could one make arbitrage profits? 3. Find the missing exchange rate in the following table British Pound $1.50 US dollar Japanese Yen US dollar $1 $1.20 0.01111 British Pound 0.66667 ro 60,833 0.83333 Japanese Yen 90