I do not understand what PVIFA stands for in this problem andhow you are getting the S5(Yen/$) figure (INternational FinancialManagement Eun & Resnick Chapter 12 Problem 3)
. A five-year, 4 percent Euroyen bond sells at par. A comparablerisk five-year, 5.5 percent yen/dollar dual-currency bond pays$833.44 at maturity. It sells for ¥110,000. What is the implied ¥/$exchange rate at maturity? Hint: The par value of the bond is notnecessarily equivalent to ¥100,000
