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A product sells for $750 in the United States. The exchange rate is such that $1 equals 1.0279 euros. If purchasing power parity (PPP) holds,

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A product sells for $750 in the United States. The exchange rate is such that $1 equals 1.0279 euros. If purchasing power parity (PPP) holds, what is the price of the product (in euros) in the EMU countries? a. 123.750 euros b. 454.550 euros c. 750.000 euros d. 770.925 euros e. 925.393 euros

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