Question
An investment in China yields these expected after-tax renminbi cash flows (in billions). year CF 0 -508 1 155 2 308 3 259 You know
An investment in China yields these expected after-tax renminbi cash flows (in billions).
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| year | CF |
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| 0 | -508 |
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| 1 | 155 |
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| 2 | 308 |
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| 3 | 259 |
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| You know the following financial variables |
| Required Return US | 15.00% |
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| Required Return China | 11.745% |
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| Expected Inflation US | 6.0% |
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| Expected Inflation China | 3.0% |
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| Spot Rate | $ 0.17 |
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Assume the international parity conditions hold. Calculate NPV by converting renminbi to dollars at expected future spot rates and discounting in dollars. (X.XXX)
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Ziglar On Selling The Ultimate Handbook For The Complete Sales Professional
Authors: Zig Ziglar
1st Edition
0785288937, 978-0785288930
