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If a 20 oz bottle of Coke costs 1.99 USD in Maryland and 10 MXN in Mexico City, what is the implied USD/MXN exchange

If a 20 oz bottle of Coke costs 1.99 USD in Maryland and 10 MXN in Mexico City, what is the implied USD/MXN exchange rate? If the USD/MXN Exchange rate is 19.90. Is the Dollar overvalued, undervalued or fairly priced.

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