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It is given that the price level in HK and UK are 100 and 10.8 respectively. If the currencies are now traded at HK$9.5/pounds, what

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It is given that the price level in HK and UK are 100 and 10.8 respectively. If the currencies are now traded at HK$9.5/pounds, what is the predicted the nominal exchange rate (Correct to 3 decimal places) according to the Purchasing Power Parity? Explain your calculation

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