Let and denote the least possible area and the least possible number of lattice points in the interior of a convex lattice -gon, respectively. Many lower and upper bounds for and are known for every . However, the exact values of these two functions are only known for and . The purpose of this paper is to answer the following Open Question 1 from : What is the exact value of ? We answer this question by proving that . On our way to achieve this goal, we also prove that .