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Assume the McDonald's Big Mac hamburger in the U.S. costs $4.50 and the Big Mac in China costs 20 Chinese yuan. If you are a

Assume the McDonald's Big Mac hamburger in the U.S. costs $4.50 and the Big Mac in China costs 20 Chinese yuan. If you are a big believer of the PPP theory, what would you conclude about the value of Chinese yuan against the U.S. dollar according to the PPP?

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