Question: Starbucks ( Croatia ) . Starbucks opened its first store in Zagreb, Croatia in October 2 0 1 0 . In Zagreb, the price of

Starbucks (Croatia). Starbucks opened its first store in Zagreb, Croatia in October 2010. In Zagreb, the price of a tall vanilla latte is 25.71 Croatian kuna '(kn). In New York City, the price of a tall vanilla latte is $2.69. The exchange rate between the Croatian kuna and U.S. dollar is kn5.6288=$1.00. According to purchasing power parity, is the Croatian kuna overvalued or undervalued?
The percentage of overvaluation or undervaluation is
%.(Round to two decimal places.)
 Starbucks (Croatia). Starbucks opened its first store in Zagreb, Croatia in

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