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Suppose the following 1-year interest rates and spot rate are true: USD0.152/CNY i(China)-6.71% i(USA)-2.3% and also assume that covered interest parity holds. Calculate the

Suppose the following 1-year interest rates and spot rate are true: USD0.152/CNY i(China)-6.71% i(USA)-2.3% and also assume that covered interest parity holds. Calculate the 1-year forward rate expressed as USD/CNY. Round your answer and intermediate steps to four decimal places. Do not label your answer. Remember to convert the above interest rates to decimal form. Type your answer...

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