A zero-coupon Japanese bond promises to pay 1,500,000 in five years. The current exchange rate is $1.00 = 100 and inflation is forecast at 3% in the U.S. and 2% in Japan per year for the next five years. The appropriate discount rate for a bond of this risk would be 10% if it paid in dollars. What is the appropriate price of the bond?

ANSWER: $9,779.42 I need to know how to get this answer