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The answer given is -68,75%. I need the solution. 15.24 A Brazilian bond with a coupon rate of 20% is initially priced at its face
The answer given is -68,75%. I need the solution.
15.24 A Brazilian bond with a coupon rate of 20% is initially priced at its face value of R$1,000. At the end of the year, the bond is selling at RS1,050. If the real depreciates by 75%, what is the dollar return at the end of the year Step by Step Solution
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