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Assume that your firm will partially finance a foreign project with a $3,000,000 interest only 30-year bond. The bond will be subsidized by the host
Assume that your firm will partially finance a foreign project with a $3,000,000 interest only 30-year bond. The bond will be subsidized by the host country's government so you will make annual 8.0 percent coupon payments. Note that eight percent is less than the 10 percent yield to maturity you firm normally faces. What is the value of the loan?
Group of answer choices
$913,490
$956,745
$1,334,851
$737,541
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