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$1.3731/ Question 23 One year ago the spot exchange rate between the Chilean peso and the U.S. dollar was CLP500.00/USD. During the past year, the

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$1.3731/ Question 23 One year ago the spot exchange rate between the Chilean peso and the U.S. dollar was CLP500.00/USD. During the past year, the Chilean peso fell 25% in value against the dollar. During this same 12-month period, prices in the United States remained stable while Chilean prices rose 22%. What is the actual exchange rate today? CLP400/USD CLP375/USD CLP666.67/USD CLP625/USD

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