SinTell has USD $30 million in excess cash that it has invested in China at an annual interest rate of 12 percent. The U

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answerhappygod
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SinTell has USD $30 million in excess cash that it has invested in China at an annual interest rate of 12 percent. The U

Post by answerhappygod »

SinTell has USD $30 million in excess cash that it has invested
in China at an annual interest rate of 12 percent. The U.S.
interest rate is 2 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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