Question
A small store in your neighborhood has the following debt maturities: $28 million in month N8 and $47 million in month N15. You want to
A small store in your neighborhood has the following debt maturities: $28 million in month N8 and $47 million in month N15. You want to renegotiate these maturities by paying $13 million in month N11 and a value to be determined in month N13. Use a market rate of 13% nominal annual convertible monthly and a focal date in month No. 12. Calculate the value in month N13.
Hint: Answer is $62,624,673 (please check it)
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International Financial Reporting Standards An Introduction
Authors: Belverd E. Needles, Marian Powers
3rd Edition
1133187943, 978-1133187943
