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A box of candy costs 28.50 Swiss francs (CHF) in Switzerland and $31.50 in the United States. Assuming that purchasing power parity (PPP) holds, how

A box of candy costs 28.50 Swiss francs (CHF) in Switzerland and $31.50 in the United States. Assuming that purchasing power parity (PPP) holds, how many Swiss francs are required to purchase one U.S. dollar? Do not round the intermediate calculations and round the final answer to four decimal places.

a. 1.1053 CHF
b. 1.2216 CHF
c. 0.9500 CHF
d. 0.8186 CHF
e. 0.9048 CHF

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