Use the following spot exchange rates. Assume that US dollar is a home currency.

$1$ euro $=1\mathrm{.}16$ US dollars

$1$ yen $=0\mathrm{.}0065$ US dollars

a$)$ Find the indirect quotation for euro. $(5$ pts$)$

b$)$ Find how many yen should be exchanged for every euro $(1$ euro $=?$ yen$).(5$pts$)$

c$)$ Suppose that the interest rate in the EU market is $6\%$ and the interest rate in the US market is $10\%.$ If the IRP $($interest rate parity$)$ exactly holds, what should the forward rate be $(1$ euro $=?$USD$)?(10$ pts$)$