Costa Ricas currency is the colon (CRC) and Chiles currency is the peso (CLP). Costa Ricas tax
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Costa Rica’s currency is the colon (CRC) and Chile’s currency is the peso (CLP). Costa Rica’s tax rate is 30 percent. Chile’s tax rate is 20 percent. If pretax returns in Chile are 7 percent, how much must pretax returns be in Costa Rica for the law of one price to hold?
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