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b. The following is the detail information on the reverse dual-currency bonds that Mitsubishi Corporation will issue. A 6% V/$ 7-year dual-currency bond pays $825.50

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b. The following is the detail information on the reverse dual-currency bonds that Mitsubishi Corporation will issue. A 6% V/$ 7-year dual-currency bond pays $825.50 at maturity. This dual-currency bond pays coupon payment at 6% coupon rate with the face value of 100,000. A comparable bond with the similar risk characteristics offers 5% which can be used as the interest rate or discount rate. The implied /$ exchange rate at maturity is 125/$. What is the selling price of this dual-currency bond that Mitsubishi Corporation will issue

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