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The international market for silicon follows relative PPP . The price in the US today is $ 1 3 and the price in China today

The international market for silicon follows relative PPP. The price in the US today is $13 and the price in China today is 83. The prices in one year are expected to be $15 and 93 respectively. If the exchange rate between China and the US is expected to be 6.8 in one year, then what is the exchange rate today? (Consider the USA to be the domestic country. Round to the nearest hundredth.)

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