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Bas_tet [7]
3 years ago
10

When the bond sells at par, the implicit €/$ exchange rate at maturity of a Euro/U.S. dollar dual currency bond that pays $651.2

5 at maturity per €1,000, is:________ A) €1.54/$1.00. B) €1.22/$1.00. C) €1.79/$1.00. D) €1/$1.00.
Business
1 answer:
Anna007 [38]3 years ago
4 0

Answer:

€1.54/$1.00

Explanation:

When the bond sells at par, the implicit €/$ exchange rate pays €651.25 at maturity per €1000

651.25/1000= 1/x

Cross multiply

651.25x = 1000

x= 1000/651.25

x= 1.54

Hence the implicit exchange rate is €1.54/$1.00

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Answer:

involve an immediate cash outlay in order to obtain a future return

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Explanation:

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So it is an instant cash outflow for gaining a future return and also have a great deal before accepting it

7 0
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Answer:

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Explanation:

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7 0
3 years ago
James Grunig, professor emeritus of public relations at the University of Maryland, listed the following possible objectives for
madam [21]

Answer: See explanation

Explanation:

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3 0
3 years ago
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Answer:

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6 0
3 years ago
Explain business activities and classification ?<br><br>​
nexus9112 [7]

Answer:

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Explanation:

hope helps

7 0
3 years ago
Read 2 more answers
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