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A computer costs $650 in the United States. The same model costs 655 in France. If purchasing power parity holds, what is the spot exchange

A computer costs $650 in the United States. The same model costs 655 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.

1 euro = ____$

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