Question: A Big Mac costs 5 . 4 in Europe, while it costs $ 6 . 1 in the U . S . The actual market

A Big Mac costs 5.4 in Europe, while it costs $6.1 in the U.S. The actual market exchange rate is S($/)=1.3. Then, the Euro's mis-valuation (under- or over-valuation) is _______________% according to the implied PPP exchange rate by Big Mac. (Please keep two decimal places.)

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