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The current Exchange rate between Argentina's Peso and the U.S. dollar is Peso 13/dollar. If a big Mac was sold in Argentina for $3.50 per

The current Exchange rate between Argentina's Peso and the U.S. dollar is Peso 13/dollar. If a big Mac was sold in Argentina for $3.50 per Mac, what is the equivalent Peso price in Argentina?? Which currency is overvalued assuming that a Big Mac cost $4.95 in the U.S. (given a brief reason for your thought based on purchasing power parity)?

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