Please provide step by step solution for these problems

Please answer the next 2 questions based on the following information. On 4/1/08, the indirect quote for Mp is S 1 MP 8.33. At this time, the rental price of a 1,000 sq ft office space in downtown LA is $6.000 while it is MP 48,000 in downtown Mexico City. 10. Estimate the indirect quote of MP that would make the dollar value of the office rental rate in downtown Mexico City exactly equal to the office rental rate in downtown LA. a. $1 MP 9.333 b. $1 MP 0.125 c. $1 MP 0.120 d. $1 MP 8.000 11. Based on the current spot rate, estimate the percentage over or undervaluation of MP against the US S. a. -3.962% b. . d. +3.962% -4.125% +4.125%