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Question 3 (4 points) Listen The price of Big Mac in U.S. and Turkey are $5.25 and TRL22 respectively. If the actual rate is TRL7.2/$,

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Question 3 (4 points) Listen The price of Big Mac in U.S. and Turkey are $5.25 and TRL22 respectively. If the actual rate is TRL7.2/$, calculate the over/undervaluation of Turkish Lira. Undervaluation of 41.80% Undervaluation of 39.15% Overvaluation of 39.15% Overvaluation of 41.80%

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