A U.S. consumer observes that a golf club costs $300. Currently in the spot market, 1 euro can be exhanged for $1.3602. If purchasing power parity (PPP) holds, how many euros should you expect to pay for the same golf club in Europe? A toaster set sells for 2,000 U.S. dollars. In the spot market, $1 = 110 Japanese yen. If purchasing power parity holds, what should be the price (in yen) of the same toaster set in Japan? Assume that 90-day U.S. securities have a 4.0% annualized interest rate, whereas 90-day Canadian securities have a 4.5% annualized interest rate. In the spot market, 1 U.S. dollar can be exchanged for 1.4 Canadian dollars. If interest rate parity holds, what is the 90-day forward exchange rate between U.S. and Canadian dollars?