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    International Financial Management Study Set 5
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    Exam 12: International Bond Market
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    When the Bond Sells at Par,the Implicit €/$ Exchange Rate
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When the Bond Sells at Par,the Implicit €/$ Exchange Rate

Question 11

Question 11

Multiple Choice

When the bond sells at par,the implicit €/$ exchange rate at maturity of a Euro/U.S.dollar dual currency bond that pays $651.25 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.

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