Atlantic Fish. will receive 1 million euros in one year from selling exports. It did not hedge this future transaction. Atlantic Fish believes that the future value of the euro will be determined by purchasing power parity (PPP). It expects that inflation in countries using the euro will be 12% next year, while inflation in the U.S. will be 7% next year. Today the spot rate of the euro is $1.46, and the one-year forward rate is $1.50. a. Estimate the amount of U.S. dollars that Atlantic Fish will receive in one year when converting its euro receivables into U.S. dollars. (5 points) b. Today, the spot rate of the Hong Kong dollar is pegged at $.13. Atlantic Fish believes that the Hong Kong dollar will remain pegged to the dollar for the next year. If Atlantic Fish decides to convert its 1 million euros into Hong Kong dollars instead of U.S. dollars at the end of one year, estimate the amount of Hong Kong dollars that Atlantic Fish will receive in one year when converting its euro receivables into Hong Kong dollars.