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The US price of a Big Mac is 2.20 USD and the Hong Kong price is 15.30 HKD. If the law of one price holds,
The US price of a Big Mac is 2.20 USD and the Hong Kong price is 15.30 HKD. If the law of one price holds, the exchange rate between the two currencies in terms of a direct quote on the USD from a Hong Kong perspective is?
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