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Chinese RMB is currently priced at $ 1 7 per 1 0 0 yuan. Assume a continuously compounding interest rate on dollar at 1 %
Chinese RMB is currently priced at $ per yuan. Assume a continuously compounding interest rate on dollar at and a continuously compounding interest rate on RMB at Assume both RMB and dollar can be traded freely without cost. What is the year forward price on yuan? Round to decimals
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