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1. Assume purchasing power parity holds and a Big Mac sells for $3.31 in the United States and krona 127.47 in Iceland.
What is the krona/$ exchange rate? (Do not include the krona sign. Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
Exchange rate Krona /$
ReferenceseBook & Resources
2. Don’t Believe the Hype Incorporated had net income of $242.00 million in 2012 with 82.00 million shares outstanding. Calculate the earnings per share for the company.
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