The Costa Rica coln-Honduras lempira spot exchange rate (E_/L) is 25 per lampira.The value of a representative basket of goods and services consumed in Costa Rica is 1,000,000.The value of a representative basket of goods and services consumed in Honduras is L44,000.(a) What is the real coln-lempira exchange rate, q_CR/HON?(b) Is the spot-rate of the coln overvalued, undervalued or neither versus the lempira?If, over or undervalued, please calculate the percentage of the misvaluation.