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QUESTION
If Caf Latte is priced at $3.24 in the US and the spot exchange rate is 0.7640 USD/CAD according to the Law of One Price (LOP), the price of that Caf...
If Café Latte is priced at $3.24 in the US and the spot exchange rate is 0.7640 USD/CAD according to the Law of One Price (LOP), the price of that Café Latte in Canada will be:
Question 1 options:
C$3.24
C$4.24
C$2.48
