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Suppose you invested in a bond that has a par value of 2,000,000 British pounds, a coupon rate of 5 percent (with payments being made
Suppose you invested in a bond that has a par value of 2,000,000 British pounds, a coupon rate of 5 percent (with payments being made at the end of each year), and four years until its maturity. Also suppose that the value of the pound is currently $1.50. For each of the scenarios, calculate the forecasted cash flows for years 1, 2, 3, and 4. (Hint: Do not round intermediate calch four final answers to the nearest whole dollar value.)
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