a. and pass through (34 points-2 pts. each) Assume that the export price of a Toyota Camry from Nagoya, Japan is 3,000,000. The exchange rate is 120 S The forecast rate of inflation in the United States 1s 1.50% per year and is 4.00% per year in Japan. Use this data to answer the following questions on exchange rate pass through. State all answers to two decimal places. Assum Initial spot exchange rate (VS) Initial price of a Toyota Camry () Expected US dollar inflation rate for the coming year Expected Japanese yen inflation rate for the coming year Desired rate of pass through by Toyota Value 120.00 3,000,000 1.500% 4.000% 50.000% a. What was the export price for the Camry at the beginning of the year? Year-beginning price of a Camry Spot exchange rate (S) Year-beginning price of a Camry (S) b. What is the expected spot rate at the end of the year assuming PPP? Initial spot rate (/S) Expected USS inflation Expected Japanese yen inflation Expected spot rate at end of year assuming PPP (/5) e. Assuming complete pass through, what will the price be in USS in one year? Price of Camry at the beginning of the year () Japanese yen inflation over the year Price of Camry at the end of the year (t) Expected spot rate one year from now assuming PPP (S) Price of Camry at the end of the ycar in (S) d. Assuming partial pass through, what will the price be in USS in one year? Difference between cnding price and beginning price in USS