A five-year 4 percent euro yen bond sells at par a


A five-year, 4 percent Euro yen bond sells at par. A comparable risk five-year, 5.5 percent yen/dollar dual-currency bond pays $833.44 at maturity per¥100,000 of face value. It sells for ¥110,000. What is the implied ¥/$ exchange rate at maturity?

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Financial Management: A five-year 4 percent euro yen bond sells at par a
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