The Thai baht (Bt) was devalued by the Thai government from BT25/$ to BT29/$ on July 2,

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The Thai baht (Bt) was devalued by the Thai government from BT25/$ to BT29/$ on July 2, 1997. What was the percentage devaluation of the baht?

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Multinational Business Finance

ISBN: 978-0133879872

14th edition

Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett

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Question Posted: Jan 19, 2017 09:54 AM

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The Thai baht (Bt) was devalued by the Thai government from BT25/$ to BT29/$ on July 2,

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AssumptionsRateValues Opening spot rate Jul...View the full answer

Multinational Business Finance

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