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4 points Saved In May 1995 when the exchange rate was 80 yen per dollar, Japan Life Insurance Company invested 800,000,000 (i.c., $10,000,000) in pure-discount
4 points Saved In May 1995 when the exchange rate was 80 yen per dollar, Japan Life Insurance Company invested 800,000,000 (i.c., $10,000,000) in pure-discount U.S. bonds. The investment was liquidated one year later when the exchange rate was 120 yen per dollar. If the rate of return earned on this investment was 50 percent in terms of yen, calculate the dollar amount that the bonds were sold at $14.600.000 $10,000,000 . C none of the options $10,618.000 CD
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