QUESTION 9 Use the following information to answer the next two questions. A Japanese investor notices the expected one year inflation rate in Japan and Mexico is 5% and 7%, respectively. The current spot rates for yen and pesos are as follows: $.15/MP, JY111.11/8 What should be the value of pesos in terms of yen at the end of the year according to relative PPP? 16.9842 .0589 16.355 .0611 QUESTION 10 Suppose the spot rate at the end of the year is MP.07/JY. Has the yen appreciated or depreciated in real terms? Appreciated Depreciated Neither appreciated or depreciated Cannot be determined