Assume purchasing power parity holds and a Big Mac sells for $3.30 in the United States and kronur 125.69 in Iceland.Required:What is the kronur/$ exchange rate?(Do not include the kronur sign. Round your answer to 4 decimal places (e.g., 32.1616).)

Assume purchasing power parity holds and a Big Mac sells for $3.30 in the United States and kronur 125.69 in Iceland.Required:What is the kronur/$ exchange rate?(Do not include the kronur sign. Round your answer to 4 decimal places (e.g., 32.1616).)

Assume purchasing power parity holds and a Big Mac sells for $3.30 in the United States and kronur 125.69 in Iceland.Required:What is the kronur/$ exchange rate?(Do not include the kronur sign. Round your answer to 4 decimal places (e.g., 32.1616).)