Question 4 (Show your working) Assuming that Burger King is identical in all countries listed in Table 2. It serves as one form of comparison of whether currencies are currently trading at market rates that are close to the exchange rate implied by Burger King in local currencies. Table 2 Burger King Actual Dollar ($) Country Currency Price Local Exchange Rate July Currency 2022 United States S 5.66 Singapore S$ 5.9 1.3308 Thailand Baht (B) 128 30.13 a. Calculate the price of Burger King in Thailand in US dollar terms. (5 Marks) b. Calculate the implied Purchasing Power Parity rate of exchange using actual price of Burger King in Thailand (B128) over the price of the Burger King in the United States in US dollar ($5.66): C. (6 Marks) Determine whether Bath is undervalued or overvalued. (5 Marks) (Total: 16 Marks)