SinTell has USD $30 million in excess cash that it has invested in China at an annual interest rate of 12 percent. The U
Posted: Thu May 19, 2022 6:59 am
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.
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.