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A refrigerator costs $899 in the United States. The same set costs 856 Euros in France. If purchasing power parity holds, calculate the spot exchange
A refrigerator costs $899 in the United States. The same set costs 856 Euros in France. If purchasing power parity holds, calculate the spot exchange rate between the euro and the dollar.
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Finance Applications and Theory
Authors: Marcia Cornett
4th edition
1259691411, 978-1259691416
