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A Thai bond with a coupon of 9.5% is initially priced at its face value of...

A Thai bond with a coupon of 9.5% is initially priced at its face value of Bt1,000. At the end of one year, the bond is selling for Bt1,050. If the initial spot rate was Bt25, at what end-of-year exchange rate will the total dollar return on the bond just equal 10%?

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

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