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If the price of Big Mac is $6.28 in US, and 50 peso in Mexico, then according to absolute version of PPP (or law of

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If the price of Big Mac is $6.28 in US, and 50 peso in Mexico, then according to absolute version of PPP (or law of one price), the Implied exchange rate (for the price of peso) should be: Select one: a. 7.9617 US dollars b. 9.0909 peso c. 12.00 peso d. 0.1256 US dollars

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