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papahomer papahomer
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6 years ago
A barrel of oil currently costs $60 in U.S. dollars. The current exchange rate is $1.1256 U. S. to the euro. If purchasing power parity prevails what is the price of a barrel of oil in euros?
A) 71.43 euro
B) 58.36 euro
C) 73.16 euro
D) 53.30 euro
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
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David_hessDavid_hess
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papahomer Author
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6 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
einstein
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Yesterday
Correct Slight Smile TY
Transonic
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2 hours ago
Smart ... Thanks!
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