SinTell has USD $78 million in excess cash that it has invested in China at an annual interest rate of 14 percent. The U

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answerhappygod
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SinTell has USD $78 million in excess cash that it has invested in China at an annual interest rate of 14 percent. The U

Post by answerhappygod »

SinTell has USD $78 million in excess cash that it has
invested in China at an annual interest rate of 14 percent. The
U.S. interest rate is 6 percent. By how much would the Chinese yuan
have to depreciate to cause such a strategy to backfire? Give your
answer in decimal point, rounding up to 4 decimal places
?
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