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The international market for silicon follows relative PPP. The price in the US today is $11 and the price in China today is 80 .
The international market for silicon follows relative PPP. The price in the US today is $11 and the price in China today is 80 . The prices in one year are expected to be $17 and 93 respectively. If the exchange rate between China and the US is 3.3 today, then what is the exchange rate expected to be in one year? (Consider the USA to be the domestic country. Round to the nearest hundredth.)
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
