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Assume 1 = $1.2762 and $1 = S$1.2522. A new coat costs S$187 in Singapore. How much will the identical coat cost in euros if

Assume 1 = $1.2762 and $1 = S$1.2522. A new coat costs S$187 in Singapore. How much will the identical coat cost in euros if absolute purchasing power parity exists?

a. 97.23

b. 119.05

c. 183.48

d. 190.58

e. 117.02

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