Renminbi Revaluation. Many experts believe that the Chinese currency should not only be revalued against the...

Renminbi Revaluation. Many experts believe that the Chinese currency should not only be revalued against the U.S. dollar as it was in July 2005, but also be revalued by

15%or25%. What would be the new exchange rate value if the yuan was revalued an additional15%or25%from its initial post-revaluation rate of Yuan 8.15 /$? The15% revalued exchange rate will be Yuan/$.

(Round to two decimal places.)

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jeff jeffy answered 2 years ago

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