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Posted on May 19, 2024

A computer costs $ 6 2 0 in the United States. The same model costs 7 4 5 in France. If purchasing power parity holds,

A computer costs $

620

in the United States. The same model costs

745

in France. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Do not round intermediate calculations. Round your answer to two decimal places.

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