Pantheon Capital, S.A. W Pantheon Capital, SA 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: 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 medium-term curonote can be calculated in the following table (Round the cash flows to the nearest cont and the discount factor to four decimal paloes.) 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 Third Coupon (30 June 2012) 180 482 Fourth Coupon (31 December 2012) 180 662 Fifth Coupon (30 June 2013) 842 $ Sixth and Final Coupon (31 December 2013) 62 $ $ Principal Repayment (31 December 2013) 62 904 $ $ Total Present Value $ 302 S $ $ $ $ $ 180 $ 904