When the exchange rate was 80 yen per dollar find the, Financial Management

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When the exchange rate was 80 yen per dollar find the

When the exchange rate was 80 yen per dollar, the Firm invested ¥800,000,000 in zero coupon dollar denominated U.S. bonds. The investment was liquidated one year later when the exchange rate was 110 yen per dollar. The rate of return earned on this investment was 46% in terms of yen. Find the dollar amount for which the bonds were sold.

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Financial Management: When the exchange rate was 80 yen per dollar find the

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