Assuming that purchasing-power parity ppp holds how many, Financial Management

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Assuming that purchasing-power parity ppp holds how many

(Purchasing-power parity) A McDonald's Big Mac costs 2.53 yuan in China but costs $4.17 in the United States. Assuming that purchasing-power parity (PPP) holds, how many Chinese yuan are required to purchase 1 U.S. dollar?

Assuming that purchasing-power parity (PPP) holds, how many Chinese yuan are required to purchase 1 U.S. dollar? yuans (Round to four decimal places.)

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