Purchasing Power Parity

A computer costs $500 in the United States. The same model costs 610 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.

Exchange Rate

If euros sell for $2.16 (U.S.) per euro, what should dollars sell for in euros per dollar? Round your answer to two decimal places.