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Many experts believe that the Chinese currency should not only be devalued 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 devalued against the U.S. dollar as it was in July 2005 but also be devalued by 20% or 30%. What would be the new exchange rate value (CNY/USD) if the yuan was devalued an additional 23% from its initial post-revaluation rate of 9CNY/USD?

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