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Law of One Price If the price of silver in England is 7 . 9 per ounce, what is the expected price of silver in

Law of One Price If the price of silver in England is 7.9 per ounce, what is the expected price of silver in the United States if the spot exchange rate is $1=0.5315?
Note: Round your answer to 4 decimal places.
Multiple Choice
$6.7278 per ounce
$4.1988 per ounce
$8.4315 per ounce
$14.8636 per ounce
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