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q31 In 2015, Colombia in crisis issues an exchange rate adjusted (to 5) bond in its own currency for convenience call it Bitcoin, it issues
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"In 2015, Colombia in crisis issues an exchange rate adjusted (to 5) bond in its own currency for convenience call it Bitcoin, it issues a 3. year bond at par at a coupon rate of 5%, paid annually. The present value of the bond is 1000 Bitcoins and it was to be adjusted to dollars for exchange rates to attract American and foreign investors. The current spot exchange rate when isted in 2015 was 5 bitcoins per S. The exchange rate at the end of years 1 thru 3 changes to Bitcoins 5575 in 2016 year 116 coins / Stin 2017-year 21 and 6.5 Bitcoins / Stin 2018 in Year 3), respectively. What is the exchange rate adjusted maturity value of the bond in Bitcoins at end of year 31 Bitcoins 1000 Bitcoins 1065 Bitcoins 1180 Bitcoins 1300 Step by Step Solution
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