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13. Starbucks opened its first store in Zagreb, Croatia in October 2018. In Zagreb, the price of a tall vanilla latte is 28.50 kn. In

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13. Starbucks opened its first store in Zagreb, Croatia in October 2018. In Zagreb, the price of a tall vanilla latte is 28.50 kn. In New York City, the price of a tall vanilla latte is $3.65. The exchange rate between Croatian Kunas (kn) and U.S. dollars is kn 5.6288/$. According to purchasing power parity, is the Croatian kuna overvalued or undervalued

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