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H D F C L t d . Issued Masala bonds o n 0 1 0 1 ? 2 0 1 9 with a face

HDFCLtd. Issued Masala bonds on0101?2019 with a face value of1000 and carrying a coupon of10% for a period of three years. The interest is payable on31st December each year and the bonds were redeemed on3112?2021. The exchange rate on different dates are given below.
DateExchangerate0101?2019$13112?2019$13112?2020$13112?2021$1=73.80=73.80=74.50=73.80=74.50=72.25=73.80=74.50=72.25=70.50
Show how much money an investor will have to pay toHDFCto buy one bond on0101?2019 and how much money he will get back as interest and at maturity?
(5 marks)
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