Quantization of Dyon Charge and Electric-Magnetic Duality in String Theory

We analyze the allowed spectrum of electric and magnetic charges carried by dyons in (toroidally compactified) heterotic string theory in four dimensions at arbitrary values of the string coupling constant and $\theta$ angle. The spectrum is shown to be invariant under electric-magnetic duality transformation, thereby providing support to the conjecture that this is an exact symmetry in string theory.