part A B AND C answer

Argentine Float. The Argentine peso was fixed through a currency board at Ps1:00is throughout the 19905 . In January 2002 , the Argentine peso was tloated. O January 29, 2003, it was trading at Ps3,1615. During that one-year period, Argentina's inflation rate was 19% on an annualized basis. Inflation in Ihe United Stales duning that same period was 2.4% annualized. a. What shosild havo been the exchange rate in January 2003 if PPP held? b. By what percentage was the Argentine peso undervaluod on an annualized basis? c. What were the probable causes of undervaluation? a. What should have been the exchange rate in January 2003 if PPP held? The exchange rate in January 2003, if PPP held, should have been P. 5. (Round to five decimal places.) during that same period was 2.4% annualized. a. What should have been the exchange rate in January 2003 if PPP held? b. By what percentage was the Argentine peso undervalued on an annualized bass? c. What were the probable causes of undervaluation? a. What should have been the exchange rale in January 2003 if PPP hold? The exchange rate in Jariuary 2003, if PPP held, should have boen Ps 5. (Round ta five decimal places ) Argentine Float. The Argentine peso was fixed through a currency board at Ps1:00is throughout the 19905 . In January 2002 , the Argentine peso was tloated. O January 29, 2003, it was trading at Ps3,1615. During that one-year period, Argentina's inflation rate was 19% on an annualized basis. Inflation in Ihe United Stales duning that same period was 2.4% annualized. a. What shosild havo been the exchange rate in January 2003 if PPP held? b. By what percentage was the Argentine peso undervaluod on an annualized basis? c. What were the probable causes of undervaluation? a. What should have been the exchange rate in January 2003 if PPP held? The exchange rate in January 2003, if PPP held, should have been P. 5. (Round to five decimal places.) during that same period was 2.4% annualized. a. What should have been the exchange rate in January 2003 if PPP held? b. By what percentage was the Argentine peso undervalued on an annualized bass? c. What were the probable causes of undervaluation? a. What should have been the exchange rale in January 2003 if PPP hold? The exchange rate in Jariuary 2003, if PPP held, should have boen Ps 5. (Round ta five decimal places )