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Consider 9.7 percent swiss FRANC/U.S. dollar dual-currency bonds that pay 666.67at maturity per SF1,000 of par value. It sells at par in dollars, what is
Consider 9.7 percent swiss FRANC/U.S. dollar dual-currency bonds that pay 666.67at maturity per SF1,000 of par value. It sells at par in dollars, what is the implicit SF/$ exchange rate at maturity. Will the investor be better or worse off at marturity if the actual SF/$ exchange rate is SF1.47/$1.00
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Handbook Of The Economics Of Finance Volume 2A
Authors: George M. Constantinides, Milton Harris, Rene M. Stulz
1st Edition
