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Suppose that the price of a Big Mac is $4.25 in the US, and the price of a Big Mac in Switzerland is 70.55 Francs.

Suppose that the price of a Big Mac is $4.25 in the US, and the price of a Big Mac in Switzerland is 70.55 Francs. Then the exchange rate that satisfies the "law of one price is Francs per $1 US. 16.6 06 14 O2

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