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What is earning in usd

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Problem 1: Blundell Biotech is a U.S. based biotechnology company with operations in a number of foreign countries. If the exchange rate between USD and CNY i.e., USD/CNY, is 0.17, and Blundell Biotech wants to convert it earning of CNY168.00 (million) from Chinese subsidiary into USD, what is its earning in USD (in millions)?

Reference no: EM132941527

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