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1 pts 3 Question 43 A 90-inch TV sells for a price of $1,200 in the US. A similar TV can be purchased in Hong

1 pts 3 Question 43 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 7.7676 1.2327 0.8112 0.1287

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