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IfCaf Latte is priced at $3.24 in the US and the spot exchange rate is 0.7640 USD/CAD according to the Law of One Price (LOP),

IfCaf Latte is priced at $3.24 in the US and the spot exchange rate is 0.7640 USD/CAD according to the Law of One Price (LOP), the price of that Caf Latte in Canada will be:

Question 1 options:

C$3.24

C$4.24

C$2.48

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