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Purchasing Power Parity A computer costs $420 in the United States. The same model costs 765 euros in France. If purchasing power parity holds, what

Purchasing Power

Parity A computer costs $420 in the United States. The same model costs 765 euros in France. If purchasing power parity holds, what is the spot exchange rate between the euro and the dollar? Do not round intermediate calculations. Round your answer to two decimal places.

$1 = ____euros

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