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Australian Grain Export has supplied Barley to China and will receive 3 million Chinese yuan (CNY) in one year
Australian Grain Export has supplied Barley to China and will receive 3 million Chinese yuan (CNY) in one year. Also, Australian Grain Export has the following market information and believes that the Purchasing Power Parity (PPP) does hold. How much Australian dollar Australian Grain Export will make a profit or loss in percentage (%) due to change in today's spot rate after one year according to PPP? (enter 2 decimal places number with no sign or symbol)
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