bvolleyball9
bvolleyball9
20.12.2019 • 
Business

Afive-year, 4 percent euroyen bond sells at par. a comparable risk five-year, 5.5 percent yen/dollar dual-currency bond pays $833.44 at maturity. it sells for ¥110,000. what is the implied ¥/$ exchange rate at maturity? hint: the dualcurrency bond pays 5.5 percent on a notional value of ¥100,000, whereas the par value of the bond is not necessarily equivalent to ¥100,000.

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