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Chinese RMB is currently priced at $16 per 100 yuan. Assume a continuously compounding interest rate on dollar at 1%, and a continuously compounding interest

Chinese RMB is currently priced at $16 per 100 yuan. Assume a continuously compounding interest rate on dollar at 1%, and a continuously compounding interest rate on RMB at 5%. Assume both RMB and dollar can be traded freely without cost. What is the 2-year forward price on 100 yuan? (Round to 2 decimals)

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