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5. Woodside Energy, an Australian multinational company, has borrowed funds from China and will pay 2 million Chinese yuan (CNY) including interest in one
5. Woodside Energy, an Australian multinational company, has borrowed funds from China and will pay 2 million Chinese yuan (CNY) including interest in one year. Also, Woodside Energy has the following market information and considers that the International Fisher Effect (IFE) does hold. How much Australian dollar the Woodside Energy will pay that equivalent to 2 million CNY after one year? (enter the whole number with no sign or symbol) Australian dollar Chinese yuan Spot rate (A$) (CNY) Real interest rate 4.74% 4.74% p.a. Nominal interest 8.84% 11.08% rate p.a. Today's spot rate A$0.1774/CNY
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