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A television costs $790 in the United States. The same television costs 600.5 euros. If purchasing power parity holds, what is the spot exchange rate

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A television costs $790 in the United States. The same television costs 600.5 euros. 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 four decimal places. $1 = euro(s)

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