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A bundle of goods in Japan costs 2,050,000 while the same goods and services cost $27,500 in the United States. a. If purchasing power parity

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A bundle of goods in Japan costs 2,050,000 while the same goods and services cost $27,500 in the United States. a. If purchasing power parity holds, what is the current exchange rate of U.S. dollars for yen? b. If, over the next year, Inflation is 9 percent in Japan and 4 percent in the United States, what will the goods cost next year c. Will the dollar depreciate or appreciate relative to the yen over this time period? Complete this question by entering your answers in the tabs below. If purchasing power parity holds, what is the current exchange rate of U.S. dollars for yen? (Round your answer to 4 decimal places. (e.g. 32.1616)) On March 13, 2020, you convert 690,000 U.S. dollars to Japanese yen in the spot foreign exchange market and purchase a six-month forward contract to convert yen into dollars. How much will you recelve in U.S. dollars at the end of six months? Use the data in Table 9-1 for this problem. (Round your answer to 2 decimal places. (e.9. 32.16))

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