United Kingdom Imports

Toyota manufactures in Japan most of the vehicles it sells in the United Kingdom. The base platform for the Toyota Tundra truck line is 1,645,000. The spot rate of the Japanese yen against the British pound has recently moved from 196/ to 190/.

How does this change the price of the Tundra to Toyota's British subsidiary in British pounds?

The original import price in British pounds is ?

(Round to two decimal places.)

enter your response here.

(Round to two decimal places.)

Part 3

The percentage change in the price of the imported truck is %.

(Round to two decimal places.)

Part 4

(Select the best choice below.)

A.

Because the price of the truck itself did not change, the percentage change in the import price as expressed in Japanese yen is the same percentage change in the value of the Japanese yen against the British pound itself.

B.

Because the price of the truck itself did not change, the percentage change in the import price as expressed in Japanese yen is lower than the percentage change in the value of the Japanese yen against the British pound itself.

C.

Because the price of the truck itself did not change, the percentage change in the import price as expressed in Japanese yen is higher than the percentage change in the value of the Japanese yen against the British pound itself.

D.

There is not enough information to answer this question.