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A bottle of Johnnie Walker costs 20 in London liquor store. The same bottle costs $28 in a New York liquor store. What spot exchange

A bottle of Johnnie Walker costs 20 in London liquor store. The same bottle costs $28 in a New York liquor store.

What spot exchange rate establishes the Law of One Price for these two commodities? That is, what is the PPP rate that corresponds to these prices?
If the current spot exchange rate is $1.52/, what is the real exchange rate? What are the units of calculation?
According to your calculation, is British pound overvalued or undervalued?

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