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International Brands Co., a US-based company, issues 3,000 Bonds with Par value 10,000 EUR on January 1, 2019. The stated interest rate is 2%. Interest
International Brands Co., a US-based company, issues 3,000 Bonds with Par value 10,000 EUR on January 1, 2019. The stated interest rate is 2%. Interest dates are June 30 and Dec. 31 and maturity date will be Dec. 31, 2021. How much will EACH Bond sell for if the market rate is 1.80% on the date of issue? What would the expected TOTAL cash proceeds for International Brands Co. be? (15 points)
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