The current exchange rate is 11652 chinese yuan currently, Finance Basics

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The current exchange rate is 11652 chinese yuan currently

Question: The current exchange rate is $1/16.52 Chinese Yuan. Currently the 1 year US treasury is paying 3% and the Chinese bond market is paying 79%. What should the one year forward rate be? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: The current exchange rate is 11652 chinese yuan currently

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