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Problem 18-14 Purchasing Power Parity and Exchange Rates [L. 2] Assume purchasing power parity holds and a Big Mac sells for $3.39 in the United

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Problem 18-14 Purchasing Power Parity and Exchange Rates [L. 2] Assume purchasing power parity holds and a Big Mac sells for $3.39 in the United States and krona 127.39 in Iceland. What is the krona/\$ exchange rate? Note: Do not include the krona sign. Do not round intermediate calculations and round your answer to 4 decimat places, e.g., 32.1616

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