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The current exchange rate is CNY 6.30 per USD. The six-month risk-free interest rates in China and in USA are 5% and 3% per annum,
The current exchange rate is CNY 6.30 per USD. The six-month risk-free interest rates in China and in USA are 5% and 3% per annum, respectively (both expressed with continuous compounding). What is the six-month forward rate (expressed as the number of CNY per USD)?
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