Question 1 1 pts If the bank is selling Euros for $1.70, then what is the implied euro price of the dollar? Be sure to enter two decimal places in your answer. Question 2 2 pts You are doing some consulting work for a communications firm in Thailand. You will be paid B277964 (Thai Baht) seven months from now when the work is done. In order to hedge against an unfavorable exchange rate when you get paid, you decide to purchase a put option with a striking price of35.9/5. The premium rate is 0.008 US cents per Thai Baht, Seven months from now, the exchange rate is 831.88/$. How much better off (in terms of US Dollars) are you AT THE MARGIN if you exercise the option versus if you were to exchange your paycheck on the spot market on the day you get paid? Enter a negative number if you're worse off. Round to two decimal places