The price of a N95 surgical face mask in France is 40.27/mask, and the price of the same item in New Zealand is 59.64/ma

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The Price Of A N95 Surgical Face Mask In France Is 40 27 Mask And The Price Of The Same Item In New Zealand Is 59 64 Ma 1 (21.28 KiB) Viewed 8 times

The price of a N95 surgical face mask in France is 40.27/mask, and the price of the same item in New Zealand is 59.64/mask. The market exchange rate is EURO.8467//NZD. Assume that the price levels of N95 surgical face masks in the two countries are indicative of the differences in the prices of all other goods and services between the two nations. Is the Euro (EUR) overvalued or undervalued relative to the New Zealand dollar (NZD)? Estimate the degree of over/undervaluation as a percentage. O a. EUR is undervalued by 20.25% O b. EUR is overvalued by 20.25% O c. EUR is overvalued by 25.40% O d. EUR is undervalued by 25.40% e. None of the other answers are correct