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A Big Mac is 3.48 dollars in the US and 2.79 pounds in Great Britain. If the exchange rate is 1.27 $/, to what percentage
A Big Mac is 3.48 dollars in the US and 2.79 pounds in Great Britain. If the exchange rate is 1.27 $/, to what percentage is the dollar overvalued or undervalued? Enter the percentage in decimal form to three decimal places (e.g. -20.1% = -0.201)
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