A five-year, 4 percent Euroyen bond sells at par. A comparable risk five-year, 5.5 percent yen/dollar dual-currency bond pays $833.33 at maturity per 100,000 of face value. It sells for 110,000. What is the implied /$ exchange rate at maturity?

Select one:

a. 131/$1.00b. 120/$1.00c. 110/$1.00d. 103/$1.00