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A three-year, 4 percent coupon yen-US dollar dual currency bond pays US$840 at maturity per 100,000 of face value. The yield to maturity (YTM) on
A three-year, 4 percent coupon yen-US dollar dual currency bond pays US$840 at maturity per 100,000 of face value. The yield to maturity (YTM) on the bond is 5%. The three-year forward rate is 125.00/US$. What is the current price of the bond in (approximately ) (assume market equilibrium)(Interest payments are made in Yens () annually and the principal is paid in US$ at maturity)(Assume that the investor uses the forward market
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