How much can I say about the progress-checker questions?
Fixed Income Q16 asks you to choose the eurobond (from three options). I chose:
company: Australian country: Japan currency: USD
and it said I was wrong… I’d picked a foreign bond…
I thought eurobond meant not the country’s currency
I would have picked that as well.
A foreign bond is issued in another country using that country’s currency correct? So if the currency was yen it would be a foreign bond. Im confused as well.
A bond issues by an Australian company, denominated in USD and traded in Japan is referred to as Eurobond.
Just remember that it is denominated in a foreign currency different from the domestic currency of the country it was sold.
so the software you’re using maybe incorrect, because i’ll choose the same answer as you did.