Global Finance questions. I desperately need help on this assignemnt and need all parts answered. I would appreciate any scholar or individual who can. Guaranteed thumbs up.

1. (a) What is the law of one price? How is it related to purchasing power parity?

(b) Write down the expressions representing the absolute form and the relative forms of PPP and interpret them. (15 points)

2. (a) If a bottle of champagne costs 20 in France and the same bottle cost $24 in the U.S., what spot rate ($/) establishes the Law of One Price (purchasing power parity) in terms of a bottle of champagne?

(b) If U.S. and euro expected inflation rates are 2% and 3% respectively, (a) what is the expected percentage change in the euro rate? (b) what is the one-year forecast for the PPP rate, if the spot rate is the same as in part (a)? (20 points)