Grenada and trinidad tobago produce the same commodity X, assuming the price of the commodity in Grenada is $2.50 EC per pound and $5.00 TT per…

Grenada and trinidad & tobago produce the same commodity X, assuming the price of the commodity in Grenada is $2.50 EC per pound and $5.00 TT per pound.(a)What should the EC/TT dollars spot exchange rate be?Assuming the price of commodity X is expected rise to $3.00 EC in Grenada and to $7.00 TT in Trinidad & Tobago, what should the one year forward EC/TT dollar exchange rate be?