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Assume purchasing power parity holds and a Big Mac sells for $3.47 in the United States and krona 127.31 in Iceland. What is the krona/$
Assume purchasing power parity holds and a Big Mac sells for $3.47 in the United States and krona 127.31 in Iceland. What is the krona/$ exchange rate? (Do not include the krona sign. Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.) Exchange rate Krona _____ /$
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