Fundamentals of Financial Management, Concise Edition
Fundamentals of Financial Management, Concise Edition
10th Edition
ISBN: 9781337911054
Author: Eugene F. Brigham, Joel F. Houston
Publisher: Cengage Learning US
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Chapter 17, Problem 11P
Summary Introduction

To find: The price of same disc in the M country.

Purchasing Power Parity (PPP) refers to the relationship, which indicates the same cost for same kind of products in the market of various countries after adjustment of the exchange rates of currencies. This relationship of common price can be termed as the law of one price.

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