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Chinese authorities once decided to revalue Renmimbi for 20% against USD in July 2005. They successfully achieved Yuan8.15/$ exchange rate, post official revaluation. Some experts

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Chinese authorities once decided to revalue Renmimbi for 20% against USD in July 2005. They successfully achieved Yuan8.15/$ exchange rate, post official revaluation. Some experts believe they would have been better off if the Yuan was revalued an additional 15% from the initial post official revaluation rate. What would be the new exchange rate if they have followed this advice? (rounding by 2 decimal)

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