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Dalin Chen owns homes in Sydney, Australia, and Denver, United States. She travels between the two cities at least twice a year. Because of her

Dalin Chen owns homes in Sydney, Australia, and Denver, United States. She travels between the two cities at least twice a year. Because of her frequent trips, she wants to buy some new, high-quality luggage. She has done her research and has decided go purchase a Briggs and Riley three-piece luggage set. There are retail stores in Denver and Sydney. Dalin was a finance majora and wants to use purchasing power parity to determine if she is paying the same price regardless of where she makes her purchase. a. If the price of the three-piece luggage set in Denver is USD850 and the price of the same three-piece set in Sydney is AUD930, using purchasing power parity,

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