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What would current price of sticky buns have now so that

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A friend of mine came to Penn State in the 1970s and told me that sticky buns at the College Diner cost $.75 (75 cents) in December of 1976. Using the CPI and assuming that the price of sticky buns rose in exact proportion to the CPI, what would the current price of sticky buns have now so that the ‘real price' of sticky buns remains constant. Use the most recent available data for the CPI and please show work.

Reference no: EM13396206

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