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S = euro/dollar rate, St = 0.8, PUS= 120, and PEURO = 110. What is euro/dollar real exchange rate? _________ (/$) (Round to two decimal

S = euro/dollar rate, St = 0.8, PUS= 120, and PEURO = 110. What is euro/dollar real exchange rate? _________ (/$) (Round to two decimal places)

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