Assume purchasing power parity holds and a big mac sells, Financial Management

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Assume purchasing power parity holds and a big mac sells

Assume purchasing power parity holds and a Big Mac sells for $3.35 in the United States and krona 127.43 in Iceland.

What is the krona/$ exchange rate? (Do not include the krona sign. Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)

Exchange rate Krona /$

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Financial Management: Assume purchasing power parity holds and a big mac sells

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Financial Management: Assume purchasing power parity holds and a big mac sells

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