Law, 28.04.2021 01:00, dazzlecaptain212

A Chinese investor is looking at a property in Key West. The price of the property on June 1 is $750,000. On June 1, the U. S. dollar was trading at 1 USD = 6.5366 Yuan (CNY). The June 1 purchase price in CNY is 4,902,450.00. The investor didn’t buy the property on June 1, but bought it on November 1. The purchase price remained the same. But the exchange rate changed to 1 USD = 8.061 Yuan. What is the new purchase price in Yuan and is the U. S. dollar stronger or weaker?

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A Chinese investor is looking at a property in Key West. The price of the property on June 1 is $750...