Fundamentals of Financial Management
Fundamentals of Financial Management
15th Edition
ISBN: 9780357307724
Author: Brigham
Publisher: CENGAGE L
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Chapter 19, Problem 6Q
Summary Introduction

To identify: The reasons behind the failure of purchasing power parity.

Introduction:

Purchasing Power Parity:

It refers to the relationship which indicates the same cost and same kinds of products in the market of various countries after the adjustment of exchange rates of currencies. This relationship of common price can be termed as law of one price.

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