Assume that the exchange rate between the US dollar and Mexican peso is $0.10 = 1 peso. Also assume that a bushel of wheat is priced at $5.00 in the US. The Law of One Price would predict that the price of a bushel of wheat priced in pesos would equal: A. 0.50 pesos B. 2 pesos. C. 20 pesos. D. 50 pesos Assume that the exchange rate between the US dollar and Brazilian real is $0.50 = 1 real. Also assume that a car is priced at $20,000 in the US while the same car is priced at 50,000 reals. The Law of One Price would characterize the real as being undervalued. True or false. A. True. B. False.