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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
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 CheckStep by Step Solution
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