A five$-$year, $4$ percent Euroyen bond sells at par. A comparable risk five$-$year, $5\mathrm{.}5$

percent yen$/$dollar dual$-$currency bond pays $$833\mathrm{.}44$ at maturity. It sells for

$110,000.$ What is the implied $\frac{}{\text{\$}}$ exchange rate at maturity? Hint: The dual$-$

currency bond pays $5\mathrm{.}5$ percent on a notional value of $100,000,$ whereas the par

value of the bond is not necessarily equivalent to $100,000.$