Question
Problem 1: As per Reuters.com Abu Dhabi National Energy Company (TAQA), owned by Abu Dhabi stated-owned holding company ADQ, sold on Tuesday $1.5 billion in
- Problem 1:
As per Reuters.com
Abu Dhabi National Energy Company (TAQA), owned by Abu Dhabi stated-owned holding company ADQ, sold on Tuesday $1.5 billion in dual-tranche bonds comprising a seven-year tranche and 30-year Formosa notes, a document showed. It slod $750 million of each tranche, with the seven-year paper at 80 basis points over U.S, Treasuries and the 30-year notes at 3.4% the document from one of the banks on the deal showed.
TASK 1 Calculate how much money did TAQA raise in these two tranches. (use this site for US T-rates https://ycharts.com/indicators/7_year_treasury_rate_h15)
- Problem 2:
Gold prices per oz on 1st Jan 2001 was 625 USD, 20 years later price is 1,830 USD.
TASK 2 Calculate the annual yield that investment in gold was earning over the last two decades?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Accounting The Cornerstone Of Business Decision Making
Authors: Jay S Rich, Jeff Jones, Linda Ann Myers
5th Edition
0357132696, 978-0357132692
