Question Three c. Ernest Chemist a local pharmaceutical company will need C10 million to purchase US dollars in a year's time. This same company will also need another 10 million to purchase Euros also in a year's time. Assume that dollar and euro are perfect negatively correlated and that the dollar will appreciate by 10% and the euro will also depreciate by 10% over the next one year with the cedi. Calculate the effect of the appreciation and depreciation on the amount of cedis the company will need to buy the two currencies clearly indicating the implication for the company, (5 marks]