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A television costs $800 in the United States. The same television costs 604.5 euros. If purchasing power parity holds, what is the spot exchange rate

A television costs $800 in the United States. The same television costs 604.5 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

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