Question 3 (25 points) The table below summarizes the information on the price of a Samsung Galaxy Tablet in the United States, Canada, Mexico, and Brazil; and the exchange rate between the US dollar and the currency of each of the other 3 countries on November 17, 2019. Country Price of a compact car in domestic currency Exchange rate (unit of foreign currency per US dollar United States 379.99 U.S. Dollar Canada 501.59 Canadian Dollar Mexico 5,390.28 Mexican Peso 1.32 Brazil 1,260.00 Brazilian Real 19.31 4.20 Munci pal o Bank buiai Real estste oars USTreasuly 50 bins Mort4ga-bae Sec. Reserve aiasiwin d as ash tems norece 30 oars 100 COmmercial & Lona telals DoS a. Are the statistics in the table consistent with the theory of Purchasing Power Parity? Why or why not? (Compare the U.S. to the three other countries in the table above). b. Based on your results in part (a), is there any opportunity for the arbitrage profits in the market for compact cars? Explain. c. What exchange rates between countries will equalize the purchasing power parity of currencies of the 4 countries. NTO3T