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Actual Under (-) Exchange or Over+) Rate Valuation Country in Local Price USA (dollar) 3.06 Argentina (peso 4.75 5.90 1500 Mexico (peso 28.00 2.90 2.47

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Actual Under (-) Exchange or Over+) Rate Valuation Country in Local Price USA (dollar) 3.06 Argentina (peso 4.75 5.90 1500 Mexico (peso 28.00 2.90 2.47 594.00 10.84 Brazil (peso) Chile (peso) After finding the values of A, B, C, and D, which country is most Undervalued at the current rate? (Note: This is about comparing the actual and the implied exchange rates.) Argentina (A) Brazil (B) Chile (C) Meixco (D)

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