Question: can you please help me out to answer those two questions. thumps up later 1. Last year the British pound was quoted at 0.724993 per

can you please help me out to answer those two questions. thumps up later

1. Last year the British pound was quoted at 0.724993 per 1 USD. Today it is 0.840589 per 1 USD. Has the pound appreciated or depreciated versus the dollar, and what is the percentage change? (Show your work.)

2. Suppose U.S. interest rates are expected to be 6 percent next year, European interest rates are expected to be 4 percent next year, and the spot rate is currently USD 1.0265 per 1 euro. According to interest rate parity, would we expect the dollar to appreciate or depreciate again the euro? What would be the forecasted spot rate next year? (Show your work.)

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