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Renminbi Revaluation. Many experts believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but

Renminbi Revaluation. 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 20 or 30%. What would be the new exchange rate value if the yuan was revalued an additional 20 or 30 from its initial post-revaluation rate of yuan 8.13 ? The revalued exchange rate will be Yuan nothing/$. (Round to two decimal places.)

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