A consumer electronics device costs $256.95 in the United States and 27,694.07 Japanese yen in Japan. If purchasing power parity applies, how many Japanese yen will be received per dollar in the spot market? 0.01 Japanese yen per $1.00 1.98 Japanese yen per $1.00 0.50 Japanese yen per $1.00 215.56 Japanese yen per $1.00 107.78 Japanese yen per $1.00