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Consider 10% USD/GBP dual-currency bonds that pay $1,500 at maturity per GBP1,000 of par value and has 5 years till maturity. If it sells at

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Consider 10% USD/GBP dual-currency bonds that pay $1,500 at maturity per GBP1,000 of par value and has 5 years till maturity. If it sells at par, what is the implicit USD/GBP (USD for one unit of GBP) exchange rate at maturity? The notional value of the bond is GBP1,500. $1.2500/GBP$2.0000/GBP$0.8000/GBP$1.5000/GBP.$1.0000/GBP.$0.6666/GBP

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