Question: Question 13 0 / 1 pts The current USD vs. CNY spot rate is S(CNY/USD) = 6.5. In one period, the spot rate can take

Question 13 0 / 1 pts The current USD vs. CNY spot rate is S(CNY/USD) = 6.5. In one period, the spot rate can take one of two values: 6.25 or 6.85. The one period interest rates are 0.7% in the United States and 3.65% in China. To the nearest hundred CNY, what is the no-arbitrage CNY price of a one period put on USD 1.000.000 vs. the CNY with strike price equal to 6.6, ignoring any 13,800. You selected this answer. PUSSIIe LalISaCLUn CUSIS? Correct Answer O 89,800 O 27,200 O None of the other answers. O 177,000 You Answered 13,800

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