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A car costs $108,000 in the United States and the exchange rate is $1 = 10.30. The same car costs E48,000 in Britain. The purchasing

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A car costs $108,000 in the United States and the exchange rate is $1 = 10.30. The same car costs E48,000 in Britain. The purchasing power parity implies an exchange rate of ___ pounds per one dollar. Please enter the omitted number below, rounding your answer to two decimal points

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