Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pantheon Capital, S.A. If Pantheon Capital, S.A. is raising funds via a euro-medium-term note with the following characteristics, how much in dollars will Pantheon receive

Pantheon Capital, S.A. If Pantheon Capital, S.A. is raising funds via a euro-medium-term note with the following characteristics, how much in dollars will Pantheon receive for each $1000 note sold?

Coupon rate: 7%

payable semiannually on June 30 and December 31

Date of issuance: February 28, 2011

Maturity: December 31, 2013

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Note: the present value of the cash flows is essentially the face value of the note and that any difference is due to intermediate ro First Coupon (30 June 2011) 122 180 180 122 $ 302 S 482 $ Second Coupon (31 December 2011) Third Coupon (30 June 2012) Fourth Coupon (31 December 2012) Fifth Coupon (30 June 2013) Sith and Final Coupon (31 December 2013) 180 662 180 62 842 $ 904 s Principal Repayment (31 December 2013) 62 904 S Total Present Value Enter any number in the edit fields and then click Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Finance With Excel

Authors: Simon Benninga

2nd Edition

0199755477, 9780199755479

More Books

Students also viewed these Finance questions