Question: ound intermediate calculations. Round your answer to two decimal places. pesos In the spot market, 8.0 pesos can be exchanged for 1 U.S. dollar. A

In the spot market, 8.0 pesos can be exchanged for 1 U.S.

ound intermediate calculations. Round your answer to two decimal places. pesos

In the spot market, 8.0 pesos can be exchanged for 1 U.S. dollar. A pair of headphones costs $17 in the United States. If purchasing power parity holds, what should be the price of the same headphones in Mexico? Do not round intermediate calculations. Round your answer to two decimal places. pesos

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