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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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The question given seems to be incomplete. Below there is a attachment of full question is provided.

The given values are:

Plywood's price,

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a

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A saleswoman works for a base salary of $420 a month plus 6% commission on all the merchandise she sells beyond $7,000. If she s
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In her presentation on improving employee morale, Jillian makes this statement: So far, you've heard only about the problems we
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