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Ch 17: Assignment - Multinational Financial Management Search this co Is The theory of purchasing power party (PPP) states that in the long run exchange rates between two countries adjusts so that the price of an identical good is the same when expressed in the same currency A television costs 889.35 in England. The spot rate is currently $1.8967 per pound. ary Assuming that PPP holds true, what is the price of the television in the United States 5455.89 5539.22 51.685.85 $1,655.51 ols Assuming that Ppp holds true, what is the price of the television in the United States $468.89 $539.22 $1,686,89 $1,855.51 cory Suppose the price of the television in the United States was actually $1.855.51. Assuming no transaction costs, transportation costs, or import restrictions, what does PPP predict would happen to the demand for the television in the United States The demand for the television would increase in the United States The demand for the television would decrease in the United States. Grade It Now Save & Continue Continue without saying