7. (LO 1) Assume that you buy a 1-year, 200 000-peso Philippine bond that pays 9 percent...

Question:

7. (LO 1) Assume that you buy a 1-year, 200 000-peso Philippine bond that pays 9 percent when the exchange rate is 1 Canadian dollar for 40 pesos. If, after one year, the peso falls to 1 Canadian dollar equals 45 pesos, how much money in Canadian dollars will you have?

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