Question
Many experts believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but also be
Many experts 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 25% or 35%. What would be the new exchange rate value if the yuan was revalued an additional 25% or 35% from its initial post-revaluation rate Yuan of 8.14/ $ ?
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Quantitative Investment Analysis
Authors: Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, David E. Runkle
3rd edition
111910422X, 978-1119104544, 1119104548, 978-1119104223
