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Savings Borrowing Interest rate of China 7% 10% Interest rate of USA 5% 7% USD/CNY Bid Ask Today's spot rate 6.7 6.9 Forward rate
Savings Borrowing Interest rate of China 7% 10% Interest rate of USA 5% 7% USD/CNY Bid Ask Today's spot rate 6.7 6.9 Forward rate (1 year later) 6.4 6.6 What is the profit or loss if you borrow 100,000 yuan and then save it in USA?
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Financial Markets and Institutions
Authors: Anthony Saunders, Marcia Cornett
6th edition
9780077641849, 77861663, 77641841, 978-0077861667
