2. Spark Gear need to convert JPY into AUD to fund its Australia. Quotes are: Melbourne: AUD 1 = JPY 90.52-100.19 Japan: AUD 1 = JPY 94.34-98.04 a) Which of the above should Spark Gear use to exchange JPY for AUD? Why? b) If Spark Gear has JPY 100000000 . How much AUD can it convert to, given the rate it has accepted in the previous part a ) c) Suppose there is a big issue in Australia export of natural gas to Japan, holding other factors constant would this change more likely result in an appreciation or a depreciation of JPY against AUD? Explain. d) 3 months later, Spark Gear also needs to convert its profit earned in AUD into JPY and sent it back to Japan. If the exchange rates in these two markets remain the same, identify and explain the rate Saprk gear should use to buy JPY. e) Given your answer in part d), if Spark Gear has AUD 500000, how much JPY would Spark Gear receive? 2. Spark Gear need to convert JPY into AUD to fund its Australia. Quotes are: Melbourne: AUD 1 = JPY 90.52-100.19 Japan: AUD 1 = JPY 94.34-98.04 a) Which of the above should Spark Gear use to exchange JPY for AUD? Why? b) If Spark Gear has JPY 100000000 . How much AUD can it convert to, given the rate it has accepted in the previous part a ) c) Suppose there is a big issue in Australia export of natural gas to Japan, holding other factors constant would this change more likely result in an appreciation or a depreciation of JPY against AUD? Explain. d) 3 months later, Spark Gear also needs to convert its profit earned in AUD into JPY and sent it back to Japan. If the exchange rates in these two markets remain the same, identify and explain the rate Saprk gear should use to buy JPY. e) Given your answer in part d), if Spark Gear has AUD 500000, how much JPY would Spark Gear receive