Suppose the current exchange rate between USD and MSN is: MXN/USD = 8.33. At this time, the rental price of a 1,000 sq ft office space in downtown LA is USD 6,000 while it is MXN 48,000 in downtown Mexico City. Estimate the implied exchange rate (MXN/USD) that would make the dollar value of the office rental rate in downtown Mexico City exactly equal to the office rental rate in downtown LA. OMXN/USD - 0.125 OMXN/USD - 0.120 MXN/USD = 8.000 MXN/USD = 9.333 Question 2 1 pts Suppose the current exchange rate between USD and MSN is: MXN/USD - 8.33. At this time, the rental price of a 1,000 sq ft office space in downtown LA is USD 6,000 while it is MXN 48,000 in downtown Mexico City, Based on the current spot rate, estimate the percentage over or undervaluation of MXN against the USD. 3.962% O-3,962% 04.125% 04.125%