Question: John Lim is a bond portfolio manager. He is considering adding a dual currency (USD/JPY) bond to his portfolio. John believes the Yen will appreciate

John Lim is a bond portfolio manager. He is considering adding a dual currency
(USD/JPY) bond to his portfolio. John believes the Yen will appreciate against the US
dollar from then till the bonds maturity.
Assess the risks of this bond AND give one reason why a dual currency bond
might trade at a premium over another bond which is identical in all respects except
for the dual currency feature.

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