2) The spot rate for the Danish Krone was $0.1745/DK on April 20, 2016. Today is October 20, 2016 and the spot rate is $0.1675/DK What was the rate of appreciation or depreciation of the Danish Krone over the six month period from April? a. If the six-month inflation rate in the US was 2.0% pa. and 4% p.a. in Denmark over this period, did the U.S. dollar appreciate or depreciate in real terms? Explain. b. A US company regularly purchases large format scanners from Denmark for resale in the US. The average price for one of its premium brands is DK50,000. It would sell in the US. at a mark-up of 25% over cost in USD. What will its profit c. (mark-up) increase or decrease by if it does not change the U.S. selling price between April and October 2016? d. How much should it change the US, selling price if it has to keep the same 25% mark-up