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A ten year, 3% Euroyen bond sells at par. A comparable risk five-year, 6.5 percent yen/dollar dual currency bond pays $945 at maturity. It sells
A ten year, 3% Euroyen bond sells at par. A comparable risk five-year, 6.5 percent yen/dollar dual currency bond pays $945 at maturity. It sells for ¥120,000. What is the implied ¥/$ exchange ...
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