Pantheon Capital, S.A.If Pantheon Capital, S.A. is raising funds via a medium-term euronote with the following characteristics, how much in dollars will Pantheon receive for each $1,000 note sold?

Coupon rate: 7% payable semiannually on June 30 and December 31

Date of issuance: February 28, 2011

Maturity: December 31, 2013

Note: the present value of the cash flows is essentially the face value of the note and that any difference is due to intermediate rounding.

The value of a note is the total present value of all its future cash flows discounted at the firm's cost of capital. The value of the medium-term euronote can be calculated in the following table:(Round the cash flows to the nearest cent and the discount factor to four decimal palces.)

	Days Since	Cumulative
	Previous	Days		Cash	Discount		Discounted
Cash Payment (Payment Date)	Payment Date	from Start		Flows	Factor		Cash Flows
First Coupon (30 June 2011)	122	122	$			$
Second Coupon (31 December 2011)	180	302	$			$
Third Coupon (30 June 2012)	180	482	$			$
Fourth Coupon (31 December 2012)	180	662	$			$
Fifth Coupon (30 June 2013)	180	842	$			$
Sixth and Final Coupon (31 December 2013)	62	904	$			$
Principal Repayment (31 December 2013)	62	904	$			$
Total Present Value						$