3. Assume you are a U.S.-based investor with USD 1000 to invest and answer the questions below: a. If you had converted the USD 1000 into the foreign currency one year ago at the above spot rate, then how much in foreign currency would you have received? b. If you converted the foreign currency received one year ago back into US dollars at today’s spot rate, how many U.S. dollars would you have now? c. Has the foreign currency depreciated, appreciated, or not changed in value relative to the U.S. dollar over the past year? d. What has been the percentage change? e. Include your results as an attachment to the Business Brief below. 4. For the non-US public company you have chosen, consider whether you would invest in the a) equity (stock) or b) debt (bonds) of the company denominated in the foreign currency. Assume you have a one-year investment horizon and write a 1-page analysis according to the Business Brief Guidelines. Complete sentences must be used (bullets not acceptable). Your analysis must be written using a concise writing style. Your brief should answer all of the questions posed above.