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Law of One Price If the price of silver in England is 7.8 per ounce, what is the expected price of silver in the United

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Law of One Price If the price of silver in England is 7.8 per ounce, what is the expected price of silver in the United States if the spot exchange rate is $1 = .5310? (Round your answer to 4 decimal places.) Multiple Choice $8.3310 per ounce $6.8077 per ounce $14.6893 per ounce O $4.1418 per ounce

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