Question
A Thai bond with a coupon of 9.5% is initially priced at its face value of Bt1,000. At the end of one year, the bond
A Thai bond with a coupon of 9.5% is initially priced at its face value of Bt1,000. At the end of one year, the bond is selling for Bt1,050. If the initial spot rate was Bt25, at what end-of-year exchange rate will the total dollar return on the bond just equal 10%?
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Financial Markets And Institutions An Introduction To Risk Management Approach
Authors: Anthony Saunders, Marcia Cornett
3rd Edition
0073250937, 9780073250939
