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QUESTION 4 A new Panasonic television costs 850 euros in France and 700 Canadian dollars in Canada. Suppose the current exchange rates are as follows:

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QUESTION 4 A new Panasonic television costs 850 euros in France and 700 Canadian dollars in Canada. Suppose the current exchange rates are as follows: 1.05/S, $1.25/CS Find the arbitrage profit (in terms of euros) per television according to absolute PPP. Round intermediate steps to four decimals. 68.76 66.485 415.625 52.385

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