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: 6% 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.)