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Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the United
Foreign exchange and commodity prices. While traveling in the following countries, you see twenty-ounce plastic bottles of Coca-Cola. You know the price in the United States for a Coke is $1.01, but the countries have the following prices: Canada: C$1.59 Japan: 155 England: 0.52 European Union: 0.86 What is the implied exchange rate for U.S. dollars and these four currencies? What is the implied direct, or American, exchange rate between the U.S. dollar ($) and Canadian dollar (C$)? $ per C$ (Round to four decimal places.)
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