Question
Corleone Holdings is issuing Euro-Commercial Paper to raise funds in the international debt market. Calculate the total proceeds from the debt issue for Corleone Holdings:
Corleone Holdings is issuing Euro-Commercial Paper to raise funds in the international debt market.
Calculate the total proceeds from the debt issue for Corleone Holdings:
| Issue | Face Value | Yield | Proceeds |
| 90-day ECP | 500,000.00 | 6.40% |
|
| 180-day ECP | 300,000.00 | 6.90% |
|
| Total | 800,000.00 |
|
|
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
