One type of foreign bond that carries no currency exchange rate risk for a U.S. investor is a
A) Eurodollar bond.
B) foreign-pay bond.
C) PIK bond.
D) Yankee bond.

Name: One type of foreign bond that carries no currency exchange rate risk for a U.S. investor is a A) Eurodollar bond. B) foreign-pay bond. C) PIK bond. D) Yankee bond.
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Question

Quizplus · Accepted Answer

Yankee bonds are issued by foreign entities in the U.S. market and are denominated in U.S. dollars, thus eliminating currency exchange rate risk for U.S. investors.

One Type of Foreign Bond That Carries No Currency Exchange