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The correct answer is 11671 Please help me on how to get the answer. An Australian importer has received goods from China and will pay
The correct answer is 11671
Please help me on how to get the answer.
An Australian importer has received goods from China and will pay 2 million Chinese yuan (CNY) in one year. Also, the importer has the following market information and considers that the Purchasing Power Parity (PPP) does hold. How much Australian dollar the importer will make a profit or loss due to change in today's spot rate after one year according to PPP? (enter the whole number with no sign or symbol)Step by Step Solution
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