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Chinese Yuan Revaluation. You believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but
Chinese Yuan Revaluation. You believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but also be revalued by another 24.5%. What would be the new exchange rate value (in yuan) if the yuan was revalued an additional 24.5% from its initial post-revaluation rate of8.28/$ to 8.11/$
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