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The exchange rate quotes between the Chinese Yuan and the U.S. dollar are: Yuan 5.7...

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The exchange rate quotes between the Chinese Yuan and the U.S. dollar are: Yuan 5.7 -- 6.6 /$ How many dollars will a Chinese importer get for Yuan 500,000? How much profit can you make on the carry trade speculating on the appreciation of the Euro over the next 6 months compared to the dollar? Start by borrowing $ 100,000 at the interest rate of 3%. The current exchange rate is $ 1.18 / Euro The anticipated exchange rate in 6 months is $ 1.37 / Euro The interest rate in Europe is 4%. Provide your answer in dollars, rounded to two decimals

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