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Pantheon Capital, S.A. If Pantheon Capital, SA. 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, SA. is raising funds via a euro-medium-term note with the following characteristics, how much in dollars will Pantheon receive for each S1,000 note sold? Coupon rate, 11% 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 fows discounted at the firm's cost of capital. The value of the euro-medium-term note can be calculated in the following table (Round the cash flows to the nearest cent and the discount factor to four decimal palces.)
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