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126 Pantheon Capital, S.A. If Pantheon Capital, S.A. is raising funds via a medium-term euronote with the following characteristics, how much in dollars will Pantheon
126
Pantheon Capital, S.A. If Pantheon Capital, S.A. is raising funds via a medium-term euronote with the following characteristics, how much in dollars will Pantheon receive for each $1,000 note sold? Coupon rate: 12% payable semiannually on June 30 and December 31 Date of issuance: February 28, 2011 Maturity: December 31,2013 Note: the present value of the cash flows is essentially the face value of the note and that any difference is due to intermediate rounding. The value of a note is the total present value of all its future cash flows discounted at the firm's cost of capital. The value of the medium-term euronote can be calculated in the following table: (Round the cash flows to the nearest cent and the discount factor to four decimat palces.) Step by Step Solution
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