The international market for silicon follows relative PPP . The price in the US today is $

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The international market for silicon follows relative PPP

.

The price in the US today is $

13

and the price in China today is

83 .

The prices in one year are expected to be $

15

and

93

respectively. If the exchange rate between China and the US is expected to be

6.8

in one year, then what is the exchange rate today?

(

Consider the USA to be the domestic country. Round to the nearest hundredth.

)

Posted Date: May 18, 2024 11:15 PM

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The international market for silicon follows relative PPP . The price in the US today is $

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