June 25, 2003
Working Backwards
5e7 / 11% = 4.54e8
4.54e8 / 10% = 4.54e9
4.54e9 / 34.50 = 1.32e8
A big ouch on the exchange rate factor, especially with the consideration that the RMB is pegged to USD.
Posted by mikewang on 02:19 AM
5e7 / 11% = 4.54e8
4.54e8 / 10% = 4.54e9
4.54e9 / 34.50 = 1.32e8
A big ouch on the exchange rate factor, especially with the consideration that the RMB is pegged to USD.
Posted by mikewang on 02:19 AM