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Starbucks opened its first store in Zagreb, Croatia in October 2 0 1 0 . In Zagreb, the price of a tall vanilla latte is
Starbucks opened its first store in Zagreb, Croatia in October In Zagreb, the price of a tall vanilla latte is Croatian kunakn In New York City, the price of a tall vanilla latte is $ The exchange rate between the Croatian kuna and US dollar is kn $ According to purchasing power parity, is the Croatian kuna overvalued or undervalued?
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The percentage of overvaluation or undervaluation is
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