Two countries, France and the US produce just one good – chicken. Suppose that the price of beef in the US is $2.80 per kilogram, and in France it is 3.70 EURO per kilogram. a. According to PPP theory, what should be the $/EURO spot exchange rate? b. Suppose that the price of beef is expected to rise to $3.10 in the US, and to 4.65 EURO in France. What should be the one year forward $/EURO exchange rate? c. Given your answers to parts (a) and (b), and given that the current interest rate in the US is 10%, what would you expect current French interest rates to be?