a) Assume that the export price of a Mazda CX-5 from Hiroshima, Japan is 3,150,000. The exchange rate is $93. 10/$. The forecast rate of inflation in the United States is 2.5% per year and is 0.0% per year in Japan. Use this data to answer the following questions on exchange rate pass through. i. What was the export price for the Mazda CX-5 at the beginning of the year expressed in U.S. dollars? (2 marks) ii. iii. Assuming purchasing power parity holds, what should the exchange rate be at the end of the year? (3 marks) Assuming 100% pass-through of exchange rate, what will the dollar price of a Mazda CX-5 be at the end of the year? (2 marks) Assuming 80% pass-through, what will the dollar price of a Mazda CX-5 be at the end of the year? (4 marks) iv