A five-year, 4 percent Euroyen bond sells at par. A comparable risk five-year, 5.5 percent yen/dollar dual-currency bond pays $833.33 at maturity per ¥100,000 of face value. It sells for ¥110,000. What is the implied ¥/$ exchange rate at maturity?
a. ¥131/$1.00b. ¥120/$1.00c. ¥110/$1.00d. ¥103/$1.00
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