The Economist magazine is famous for its publication of the Big Mac index - a table of Big Mac TM prices in different countries around the world. The use of the Big Mac allows for a highly standardized product sold throughout the world. Given the following abbreviated table: Suppose that the exchange rate between China and the U.K. is: 15,000yuan=1.00 and that the Big Mac TM could be used as a standardized commodity easily transported and not perishable. Complete the following: Unlimited tries 1,000=yigMacsTM= Sell pounds and buy yuan on Use yuan to buy foreign exchange markets Big Macs in China Transport (at no cost) and sell the Big Macs in London One or more of your responses is incorrect. How many yuan can you buy with each pound? End of Section 15.3.1 The following data are given: Et=100=$1.00Et+1=108=$1.00N.S.=14% Unlimited tries If the interest parity condition is expected to hold, interest rates in Japan should equal \%. (Round your response to two decimal places.) That's incorrect. The interest parity condition is given by: iD=iF+EtEt+1eEt In words, the domestic interest rate equals the foreign interest rate plus the expected appreciation of the foreign currency. Note: Erepresents the yen per dollar exchange rate