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If PPP holds for Small Macs and the 1-year U.S. inflation rate is 1% , and the Small Mac in Mexico costs the equivalent of
- If PPP holds for Small Macs and the 1-year U.S. inflation rate is 1% , and the Small Mac in Mexico costs the equivalent of $2.12 today, how much would you expect the Small Mac to cost next year in pesos? Assume a 12% U.S. Treasury rate, a 7.78% peso interest rate, and a spot rate that is 0.0923 peso/$.
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How To Get Money For College Financing Your Future Beyond Federal Aid
Authors: Mark D. Snider
1st Edition
0768928869, 978-0768928860
