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If, in time period 1, the equilibrium value of the dollar is 20 pesos, and between...

  1. If, in time period 1, the equilibrium value of the dollar is 20 pesos, and between time period 1 and 2, prices in U.S. rise by 2% and prices in Mexico rise by 20%, then according to the relative PPP equation, the equilibrium value of the dollar in time period 2 should be how many pesos?
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