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According to purchasing power parity, if a Big Mac sells for $3.89 in the United States and 47.25 pesos in Mexico, what is the peso/$
According to purchasing power parity, if a Big Mac sells for $3.89 in the United States and 47.25 pesos in Mexico, what is the peso/$ exchange rate?
| Ps0.0739 = $1 | ||
| Ps0.0823 = $1 | ||
| Ps11.29 = $1 | ||
| Ps12.15 = $1 | ||
| Ps14.32 = $1 |
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
