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Assume purchasing power parity holds and a Big Mac sells for $3.30 in the United States and kronur 125.69 in Iceland. Required: What is the kronur/$

Assume purchasing power parity holds and a Big Mac sells for $3.30 in the United States and kronur 125.69 in Iceland.

 Required:What is the kronur/$ exchange rate?(Do not include the kronur sign. Round your answer to 4 decimal places (e.g., 32.1616).)

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Answer Kronur/$... View the full answer

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 kronur/$ exchange rate = Price... View the full answer

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