A Thai baht bond with a coupon of 9.5% is initially priced at its face value of Bt 1,000.At the end of one year,the bond is selling for Bt 1,050.If the initial spot rate was Bt 25 = $1,at what end- of-year exchange rate will the dollar return on the bond just equal 10%?
A) Bt 1 = $0.0384
B) Bt 1 = $0.0416
C) Bt 1 = $0.0482
D) Bt 1 = $0.0324
Correct Answer:
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