Problem 2.08 – Dollar Peg for Hong Kong

Multinational Business Finance

Eiteman, Stonehill, and Moffett

16th Edition

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The Hong Kong dollar has a fixed exchange rate with the U.S. dollar. After the Chinese yuan was revalued against the U.S. dollar, what was the impact on the value of the Hong Kong dollar against the yuan? Determine how the value of the Hong Kong dollar changed against the yuan.

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