Part 1 (1 point) See Hin Suppose Cecilia studies in Spain. While shopping for groceries she buys a pound of oranges for 3 euros. Cecilia remembers paying $4 per pound before she left the United States. If purchasing power parity held exactly, the exchange rate would be euros per dollar (round your answer to two decimal places). Part 2 (1 point) See Hin Suppose that the actual exchange rate was 0.82 euros per dollar. Therefore, the dollar would be and the dollar would Choose one: O A. undervalued; appreciate O B. overvalued; depreciate