use excel and show all the formulas used and cells referenced.

8. The six-month risk-free rate of interest in the US is 2.5%. The spot exchange rate between US dollar and Japanese yen is 0.01125 and the six-month forward rate is 0.01135 . According to interest rate parity, what do you expect the six-month risk-free rate of interest to be in Japan? a. 1.30% b. 1.40% c. 1.50% d. 1.60% 9. An Apple iPhone in the US costs $650. If the spot exchange rate for US dollar and euro currency is $1.18 for 1 euro, about how much should an iPhone cost in France? a. 500 b. 525 c. 550 d. 575