4. Yankee bonds [LO 21.3] Which of the following most accurately describes a Yankee bond?

1. A bond issued by General Motors in Japan with the interest payable in US dollars.
2. A bond issued by General Motors in Japan with the interest payable in yen.
3. A bond issued by Toyota in the United States with the interest payable in yen.
4. A bond issued by Toyota in the United States with the interest payable in dollars.
5. A bond issued by Toyota worldwide with the interest payable in dollars.