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Requlred: A five-year, 9.0 percent Euroyen bond sells at par. A comparable risk five-year, 10.5 percent yen per dollar dual currency bond pays $843.33 at

image text in transcribed Requlred: A five-year, 9.0 percent Euroyen bond sells at par. A comparable risk five-year, 10.5 percent yen per dollar dual currency bond pays $843.33 at maturlty. It sells for 110,000. What Is the Implied per $ exchange rate at maturity? Hint: The dual-currency bond pays 10.5 percent Interest on a notional value of 100,000, whereas the par value of the bond Is not necessarily equivalent to 100,000. Note: Do not round Intermedlate calculatlons. Round PVIFA and PVIF to 4 decimals

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