Suppose that the current exchange rate between the yen and the dollar is 110=$1 and that the interest rate is 4% on a one-year bond in Japan and 3% on a comparable bond in the United States. According to the interest-rate parity condition, what do investors expect the exchange rate between the yen and the dollar to be in one year? The exchange rate will be =$1. (Round your response to two decimal places.) Suppose that an Apple iPhone costs $240 in the United States, 65 in the United Kingdom, and 35,000 in Japan. If the exchange rate between the pound and the dollar is $1.80=1, the real exchange rate between the pound and the dollar is (Enter your response rounded to two places.)