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Intro Two identical cars cost $27,000 in the US and 330,000 pesos in Mexico. Part 1 Attempt 1/3 for 10 pts. If purchasing power parity

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Intro Two identical cars cost $27,000 in the US and 330,000 pesos in Mexico. Part 1 Attempt 1/3 for 10 pts. If purchasing power parity holds, what should be the spot exchange rate in dollars per peso

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