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A candidate from Iceland gets the following two job offers, one from the US and one from UK. The job in UK pays 40,000 a
A candidate from Iceland gets the following two job offers, one from the US and one from UK. The job in UK pays £40,000 a year in UK. The exchange rate in the market is $1.25 per pound and the PPP based exchange rate is $1.20 per pound. How much should the job in the US offer in order to provide the same standard of living as the job in UK?
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Taxes And Business Strategy A Planning Approach
Authors: Myron Scholes, Mark Wolfson, Merle Erickson, Michelle Hanlon
5th Edition
132752670, 978-0132752671
