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please show work Finance 332: Euro-medium term note problem (Taken from Multinational Business Finance tenth edition by Eiteman, Stonehill and Moffett) Mediterranean Alliance S. A.
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Finance 332: Euro-medium term note problem (Taken from "Multinational Business Finance tenth edition" by Eiteman, Stonehill and Moffett) Mediterranean Alliance S. A. is raising funds via a euro medium-term note with the following characteristics. a. Coupon rate: 8.00 % payable semiannually on June 30 and December 31. b. Date of issuance: February 28, 2003 c. Maturity: August 31, 2005. How much in dollars will the company receive for each $1,000 note sold if the issue is priced to yield 10% annually? The days are as follows: First coupon (June 30, '03) is 122 Second coupon (Dec 31, '03) is 180 Third coupon (June 30, '04) is 180 Fourth coupon (Dec 31, '04) is 180 Fifth coupon (June 30, '05) is 180 Sixth and final (Aug. 31, '05) is 62 Finance 332: Euro-medium term note problem (Taken from "Multinational Business Finance tenth edition" by Eiteman, Stonehill and Moffett) Mediterranean Alliance S. A. is raising funds via a euro medium-term note with the following characteristics. a. Coupon rate: 8.00 % payable semiannually on June 30 and December 31. b. Date of issuance: February 28, 2003 c. Maturity: August 31, 2005. How much in dollars will the company receive for each $1,000 note sold if the issue is priced to yield 10% annually? The days are as follows: First coupon (June 30, '03) is 122 Second coupon (Dec 31, '03) is 180 Third coupon (June 30, '04) is 180 Fourth coupon (Dec 31, '04) is 180 Fifth coupon (June 30, '05) is 180 Sixth and final (Aug. 31, '05) is 62 Step by Step Solution
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