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A certain car costs 50,000 in Greece and C$60,000 in Canada. If the current exchange...

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Accounting

A certain car costs 50,000 in Greece and C$60,000 in Canada. If the current exchange rate is C$1.2/, what is the profit an arbitrageur could earn per car (in terms of Canadian dollars) according to absolute PPP? Round intermediate steps to four decimals.

Please show formula used and steps

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