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Question 6: A bushel of corn costs USD 3.45 in the US and JPY 450 in Japan, the current JPY/USD exchange rate is: XP/USD =

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Question 6: A bushel of corn costs USD 3.45 in the US and JPY 450 in Japan, the current JPY/USD exchange rate is: XP/USD = 135.12. Based on the ILOP intrinsic JPY/USD exchange rate, by how many percent is the USD overvalued/undervalued against the JPY

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