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A five-year, 4 percent Euroyen bond sells at par. A comparable risk five year, 5.5 percent yen/dollar dual currency bond pays $873.33 at maturity. It

A five-year, 4 percent Euroyen bond sells at par. A comparable risk five year, 5.5 percent yen/dollar dual currency bond pays $873.33 at maturity. It sells for 110,000. What is the implied /$ exchange rate at maturity? Hint: The par value of the bond is 100,000. (10)

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