Question: use first question info to solve the second question. thank you A 90-inch TV sells for a price of $1,200 in the US. A similar

use first question info to solve the second question. thank you

A 90-inch TV sells for a price of $1,200 in the US. A similar TV can be purchased in Hong Kong for HK$9,321.12. Assuming that purchasing power parity applies, what is the spot exchange rate between the US dollar and the Hong Kong dollar in terms of US dollars per 1.00 Hong Kong dollar? O 0.1287 O 0.8112 O 7.7676 0.1.2327 Continuing with the prior question, if interest rates in Hong Kong are expected to increase at a faster rate compared to the US, then over time, the Hong Kong dollar should against the US dollar. O devalue O depreciate O appreciate o not change

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