Question: The current USD vs. CNY spot rate is S(CNY/USD) = 6.3. In six months, the spot rate can take one of two values: 6.20 or

The current USD vs. CNY spot rate is S(CNY/USD) = 6.3. In six months, the spot rate can take one of two values: 6.20 or 6.40. Six month interest rates are 2.5%pa in the US and 3.0%pa in China. To the nearest thousand CNY, what is the no-arbitrage CNY price of a six month put on USD 100,000,000 vs. the CNY with strike price equal to 6.3, ignoring any possible transaction costs? Group of answer choices None of the other answers. 4,160,000 3,363,000 ) 660,000 534,000 The current USD vs. CNY spot rate is S(CNY/USD) = 6.3. In six months, the spot rate can take one of two values: 6.20 or 6.40. Six month interest rates are 2.5%pa in the US and 3.0%pa in China. To the nearest thousand CNY, what is the no-arbitrage CNY price of a six month put on USD 100,000,000 vs. the CNY with strike price equal to 6.3, ignoring any possible transaction costs? Group of answer choices None of the other answers. 4,160,000 3,363,000 ) 660,000 534,000

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