Suppose the spot yuan and dollar exchange rate

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Reference no: EM131011483

Suppose the spot Yuan\dollar exchange rate is 6.69. Sue a Chinese national, has 10,000 Yuan that she wants to invest in a U.S. asset that promises an annual interest of 7 percent. If the expected exchange rate (Yuan/dollar) after a year is 7.3, how much will Sue earn in Yuan?

a. 11,346.12

b. 10,603.8

c. 10,309.35

d. 18,026.5

e. 17,525.76

Reference no: EM131011483

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