Question
Big Mac in the US costs $5.30. In Chile it costs 2 550 CLP (Chilean peso). If the actual USD/CLP is 679,14, by how much
Big Mac in the US costs $5.30. In Chile it costs 2 550 CLP (Chilean peso). If the actual USD/CLP is 679,14, by how much Chilean peso is overvalued against US dollar. Use the methodology of the Economist Big Mac Index to calculate the answer.
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Fundamentals Of Multinational Finance
Authors: Michael Moffett, Arthur Stonehill, David Eiteman
6th Edition
0134472136, 978-0134472133
