3. Suppose absolute purchasing power parity holds. The exchange rate between British pounds and US dollars is British pound 0.75 per dollar. If a stereo costs $5000 in the United States, how much should it cost in Britain? (6 point) A) 2,620 British pound B) 3,497 British pound C) 3,750 British pound D) 4,995 British pound E) 7,136 British pound