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Assuming Brokerage fees of $6000, calculate the amount of cash needed to retire Baldwin's 12.5S2023 bond early. Select: 1 A $14,014,592 B $14,665,611 C $14,008,592
Assuming Brokerage fees of $6000, calculate the amount of cash needed to retire Baldwin's 12.5S2023 bond early. Select: 1
A $14,014,592
B $14,665,611
C $14,008,592
I think it migiht be A due to the brokerage fee being Add but dont know. Please explain answer choiuce for me to best understand.
Company Andrews Baldwin Chester Digby Series# 11.2 S2022 10 5S2027 10 9S2028 11.3 2022 12 5S2023 12 5S2024 12.5S 2025 12 9S2026 13 4S2027 14.2 2028 11.2 S2022 12.4S 2023 11.9 2025 12.6 2026 13.8 S2028 11.2S 2025 11.5 S2026 11.5 2027 12.8 2028 Bond Market Summary Face Yield $8,837,000 $7,072,000 $20,000,000 $10,417,600 12.2% 13.1% 11 $7,969,218 13.2% 13.2% $9,570,210 $14,272,791 13.5% $30,386,904 13.7% $2,285,668 13.9% $8,635,154. $5,826,767 $15,600,517 $17,807,701 $34,386,651 $19,320,132 $2,507,689 $5,667,039 $1,377,083 $17,478,318 Close$ 100.93 103.70 92.69 95.52 94.92 94.39 95.80 98.01 102.10 92.95 95.84 98.50 98.39 S&P CC CC CC CC CC CC CC
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