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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 $3.30 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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Business Management: Assume purchasing power parity holds and a big mac sells

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

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