Chinese corporation-pre-set price in dollars

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Reference no: EM13849350

The Chinese Yuan was reset from 8.28 Yuan? $ to 8.11 Yuan / $ in July 2005. If Cnooc (Chinese Corporation) had agreed to acquire Uncoal (US corporation) before July for a pre-set price in dollars,

a. Cnooc would pay more in Yuan for Uncoal after July

b. Cnooc would get to save Yuan on the acquisition after July

c. Uncoal would receive more in dollars from Cnooc after July

Reference no: EM13849350

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