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In the United States the price of a Big Mac is $2.7. Assuming that the law of one price holds, what should be the Yen/dollar exchange rate if the price of the Big Mac in Japan is Yen 322 ? State the exchange rate in yen per dollar (//$) and use two decimal places in your answer..

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In the United States the price of a Big Mac is $2.7. Assuming that the law of one price holds, what should be the Yen/dollar exchange rate if the price of the Big Mac in Japan is Yen 322 ? State the exchange rate in yen per dollar (//$) and use two decimal places in your answer.

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