A four-year 3 percent euro yen bond is selling at par a


A four-year 3 percent Euro yen bond is selling at par. A "comparable risk" four-year 2.50 percent yen/dollar dual-current bond pays $800 at maturity per ¥100,000 of face value. The dual-currency bond is selling for ¥87,500 at the moment. What is the implied yen/dollar exchange rate at maturity?

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Financial Management: A four-year 3 percent euro yen bond is selling at par a
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