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Hong Kong bond with a coupon of 10% is initially priced at HK$ 1,000. At the end of the year, the bond is selling for
Hong Kong bond with a coupon of 10% is initially priced at HK$ 1,000. At the end of the year, the bond is selling for HK$1,200. If the Hong Kong dollar depreciates by 5%, what will the U.S. dollar return on the bond equal at the end of the year?
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