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

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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/$ exchange rate?

(Do not include the kronur sign. Round your answer to 4 decimal places (e.g., 32.1616).)

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