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Maquilas Tren de Aterrizaje, plans to issue obligations in dollars at 20 years, for a total amount of $10 million dollars, an interest rate of
Maquilas Tren de Aterrizaje, plans to issue obligations in dollars at 20 years, for a total amount of $10 million dollars, an interest rate of %2.5 of the coupon. And an individual face value of $1,000. The price of the bonds is intended set to $940. The floating cost agreed with Santander Int is 3% per coupon. Determine the cost of financing in dollars. Starting price of coupon $940.
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